When buying property in the United States, it’s important to consider the bigger picture. Location is one of the biggest factors, along with economic opportunity, cost of living, crime and safety, affordability, growth, education and climate.
According to the Federal Reserve, the average sales price of US homes is $513,100. Five years ago, that number was just $375,500. While extenuating circumstances led to this jump, prices will continue to climb in the coming years.
Learn More: 5 Types of Homes That Will Plummet in Value in 2024
Try This: 7 Reasons You Must Speak to a Financial Advisor Before Spending $50,000 or More
This article originally appeared on GOBankingRates.com: Real Estate Experts Say These Will Be the Best US Cities To Buy Property in the Next 5 Years
