HUD Articles
Age Affects Home Values
October 11, 2018
This may sound like an odd statement but it is true. According to Trulia, the majority age of the population that work is from 20 to 64. This age group must follow the jobs. As small towns lose industry, this age group is moving to high-industry areas. As people relocate to these areas the housing market tends to have less inventory and higher home prices. In the meantime, as people migrate they leave behind an affordable housing market. These communities are becoming more attractive places to purchase a home as people relocate to where the jobs are. Therefore, the best home buying opportunities are going to be in areas where the greater population numbers are under 20 and over 64 years of age.
Master Brokers | October, 2018 | 828-726-9180
