What determines house prices?
House prices fall under the principles of supply and demand. The value of an individual home depends on the location and condition of that home and how desirable it is to local buyers.
Population and job growth boost demand for housing
Population growth generally translates into higher home prices since more people create more demand for housing.
Strong markets mean fatter gains
For buyers, market factors may influence whether they opt to purchase or rent a home and, if they decide to buy, how much money they'll need to spend.
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