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Location
Another factor that influences the real estate market is location.
Youve likely heard the adage, location, location, location more times than you might count.
The following elements can cause home prices to rise.
On the other hand, poor-performing schools andclimbing crime ratescause the value of properties to drop.
One of the biggest migration trends occurred in 2020 during the Covid-19 pandemic.
People in large cities such as New York headed for the suburbs in droves.
City house sales and rental prices plummeted while suburb housing costs and rental rates went through the roof.
I would also argue that inflation doesnt directly cause home prices to increase, unlike what most may think.
The reason real estate is an inflation hedge is because appreciation tends to outpace inflation.
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