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While some cities are booming, others are facing challenges that could make propertyinvestmentsrisky.
Wesser knows his stuff.
This job loss could lead to fewer people being able to buy homes, potentially driving prices down.
Baltimore, Maryland
Baltimore is another city on Wessers list of potential underperformers.
Like Hartford, its dealing with job losses in key industries.
Wesser emphasizes that predictingreal estate trendsisnt easy.
He says, It literally requires supercomputers to input 150-200 interdependent variables and begin modeling likely outcomes.
The Final Word
If youre thinking about buying property, dont just look at the price tag.
As in all towns, some areas are better than others.
In real estate, its all about location, location, location.
(And whats struggling now, might be thriving in the future!)
Before you take on any investment, do your homework.
Look at the data, talk tolocal real estate agents, and think about your long-term plans.
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