There are many factors to consider when buying a home, and evaluating factors like cost of living, crime rate, climate change, local issues and property taxes can help you save money.
Whether you’re saving to buy a house, waiting for mortgage rates to fall or planning a big move in the next few years, researching the market now can help you decide where to invest later.
Check Out: 8 Places Where Houses Are Suddenly Major Bargains
Read More: 7 Reasons You Must Speak to a Financial Advisor Before Spending $50,000 or More
“While no one can predict the market with absolute certainty, the patterns we’re seeing now offer some valuable clues,” said Yawar Charlie, estates director of Aaron Kirman Group at Christie’s International Real Estate and cast member of CNBC’s “Listing Impossible.”
Based on current market trends, GOBankingRates spoke with experts who shared which states to avoid buying property in the next five years and why.
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California
Stunning scenery, a vibrant culture and near-perfect weather make California so appealing, but the affordability is an issue.
“As a real estate broker in Los Angeles, I’ve observed some trends that suggest certain states might become less attractive for homebuyers over the next five years,” Charlie told us.
“It’s not just the high cost of living here that’s a problem. The state also struggles with issues like wildfires and…
