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According to Realtor.com, condos are typically priced 5%-7% lower than single-family homes.
Here are some U.S. cities toconsider buying a condo, according to real estate agents.
The cost of living is lower, making condo buying more accessible for many buyers, he said.
The citys job market provides stability and growth potential for condo buyers.
Housing prices in Albany are notably lower than in other major cities in the Northeast, Hoffman said.
There are many affordable options in the city, he said.
This compares tosingle-family detached homes, which were $445,000 at the same time.
However, if youre planning to make your move, now might be the time.
Parker also pointed out that U.S. News & World Report ranked Virginia Beach No.
8 in its listing of the top 10 cities to live in the United States.
From along-term investment perspective, the city of Virginia Beach is well-suited for continued growth, he said.
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