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Housing has become increasingly expensive over the years.
Thats over a $124,000 increase.
The good news is that home values do fluctuate.
Market saturation and infrastructure strain are warning signs.
The problem is housing prices are way up though this could change.
There are many possible reasons why home values could decline in San Francisco, Dotoli said.
One of these is Seattle.
Naples, Florida
More than 6.3 million people over 60 reside in Florida, according to SmartAsset.
But some experts think places like Naples could see a drop in home values.
Austin, Texas
Home values in Austin have already started to drop.
Depending on the economy, this could continue to be the case.
The majority of the homes were constructed during 1960s and 1970s, thus generally requiring significant remodeling.
It cant compete with newer, more modern retirement communities.
Theres also the concern of environmental conditions specifically the ongoing drought.
If these continue, Austin predicts there will be sustainability issues and a dip in housing prices.
But Patel believes they could soon drop, primarily due to the increase in remote work.
Since working remotely is increasingly common, many people are looking outside ofNew York City, she said.
This could eventually cause demand to shrink and home values to drop.
This market is risky due to hurricane risk and flooding as well as fluctuating oil prices, Austin said.
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