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How Much House Does $300K, $400K and $500K Buy You in Every State?
This could be good news if youre a prospective buyer and want something affordable for the long term.
But it could also be problematic for sellers and short-term investors alike.
After all, plummeting prices mean lower returns for both.
While these are only predictions and anything can happen,heres what they said.
But they might be falling out of favor with buyers, and demand just isnt keeping up.
I believe that condos in many places have a higher likelihood of losing value over the next year.
Condos have been the housing throw in of choice for many builders for a while now.
Its a simple matter of supply and demand.
This is primarily due to oversupply, higher vacancy rates and lower demand as more people work remotely.
This is especially likely for older homes.
The one throw in of home that is consistently seeing new construction is large homes in suburbs and exurbs.
These homes are currently in high demand, which has led to an oversupply in certain housing markets.
The higher the unemployment rate, the greater the potential value loss.
Capozzolo believes these types of homes will lose value in the coming years.
One of the biggest reasons for this is simply that more buyers are being cautious about their purchase decisions.
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