Homes are becoming increasingly expensive to purchase and own, driven by rising home values and interest rates that are consistently over 6%. According to the Department of the Treasury, home prices have risen by 65% since 2000 (adjusted for inflation).
If you’re thinking about retiring in a few years and you don’t want help paying for your mortgage in retirement, you may want to reconsider buying a home in these areas.
According to Redfin housing trend data, the cost of buying a home in the following cities is likely to continue increasing significantly over the next five years…