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Mortgage experts dont foresee rates dropping much further unless the Fed reduces the prime rate,Forbes reported.
However, some experts expect a decline in the third quarter.
If that occurs, housing prices could rise even faster than expected.
The average home value is $344,856, according to Zillow.
The average price of a home is just over $205,000, much lower than Oxford.
This makes the city ideal forfirst-time homebuyers or investorslooking for value properties.
According to Zillow, housing prices have nearly doubled in Dodge City since 2016.
This makes it a great place forinvestorslooking to rent housing to students.
The median list price as of April 2024 was $304,900, according to Zillow.
The average home value in Hartford is $174,123, according to Zillow.
But homes in West End, on the other hand, go for $337,657.
Observations
SparkRental.com noted that the greatest growth is in smaller cities rather than major metro areas.
Last year, Boston and San Diego made the list oftop five fastest appreciating cities.
This year, except Hartford, cities showing the fastest home appreciation rates are in secondary or tertiary markets.
None of the hottest markets are along the West Coast.
In fact, West Coast cities didnt show appreciate higher than roughly 10% based on SparkRentals heat map.
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