Skip to main content

The variance between US markets trips me out.

I am kind of in constant bewilderment at how vast the difference is in house prices between the top areas of the country and the bottom. I mean it's like two different worlds.

Let's look at CA and WV.

According to this, the avg home value in West Virginia is $107k. The avg home value in CA is $579k.

Even in a not-so-great area like West Sacramento the avg home value is over $300k, which to the avg West Virginian would seem out of reach.

Even in a sort of typical middle America place like Ohio, the avg home value is a bit over $150k. This is a state with over 10 million in population and home to many pro sports teams, fortune 500 companies, and a high number of 4 year Colleges and Universities per capita.

Anyways - I just am beside myself when I think about it. Am I the only one? Do you think this trend will continue? Will the gap continue to widen between the "Californias" and the "Ohios" of the USA indefinitely?

(note: I get the reasons. I grew up in Ohio and have lived in CA for 10 yrs. But I'm still left dumbfounded)

submitted by /u/SeriousPuppet
[link] [comments]

source https://www.reddit.com/r/RealEstate/comments/l90vn3/the_variance_between_us_markets_trips_me_out/
Labels:

Comments

Post a Comment

Popular posts from this blog

Aren't comps/CMAs useless with buyer credits at close happening now?

I'm looking into buying a new construction townhouse in my HCOL US city. I'm seeing builders offering interest rate buydowns worth $20k-$60k on $800k homes (rather than just lowering prices) in order to keep their comps high for their other units, now that buyer demand has been declining. I asked my agent about these, and he said these buydowns aren't even the full story: buyers can write all kinds of other credits into an offer, like their closing costs, prepaid sewer fees, etc. Apparently cash buyers can just write in a "buyer credit at close" for any amount in their offer. So a new townhouse that appeared to sell for $800k in the MLS might have actually been a cash offer with a $100k+ buyer credit at close, meaning the buyer only spent $700k or less in total, but to the rest of the world they can only see the $800k! So that made me realize I can't trust comps/CMAs for other new construction townhouses. The sales prices could be way lower than they appear...
1 comment
Read more

How to Avoid Property Scams in Delhi?

Here’s What You Should Know! Commercial Real Estate (Non-Residential) Buying a property in Delhi can be tricky, especially with all the stories about scams and shady deals. If you're in the market, here are some tips to keep yourself safe:Double-check the documents: Always verify ownership and approvals. Don’t just take someone’s word for it—look at the actual papers. Do your homework on prices: Compare similar properties to avoid overpaying. A little research can save you from a bad deal. Work with trustworthy people: Whether it's a seller or an agent, go for someone who's transparent about pricing and the process. If they’re dodging questions, that’s a red flag. Ask for reviews or references: If someone you’re dealing with has a good track record, they won’t hesitate to share testimonials or connect you with previous clients. I’ve noticed that some property services have started focusing on things like verified listings and clear communication, which makes the whole proc...
Post a Comment
Read more