Your City’s Housing Boom Could Go Bust

The three most important things when it comes to your home’s value are still location, location and location.

Americans worried that gains from the pandemic real-estate boom will be whittled away by the jump in interest rates can take comfort in the fact that nationwide home price declines are very rare. Depending on where you live, though, you might have reason to worry. Regional home price busts are more common occurrences than national ones and they often damage local economies. With prices up by so much in so many places, a lot of real-estate markets could be ripe for a rout.

Source link

Leave a Reply

Your email address will not be published. Required fields are marked *