Don’t Buy a Home in These Arizona and Texas Cities That Will Drop in Value Quickly
As the summer heats up, so does the housing market across the greater United States. In some places, it is hotter than others, and in a few, it’s downright cold. Two states that have some cities to steer clear of buying a house in are Arizona and Texas. And that’s not just because these Southern states crank up the temperature from May to September. There are a slew of reasons for staying out of some of the lesser-known cities in both of these states.
“These cities in Arizona and Texas may not be ideal for property investment in 2024 due to economic challenges, high crime rates, environmental risks and limited amenities,” explained Colten Claus, an associate broker with 8z Real Estate. “Potential buyers should carefully consider these factors and conduct thorough research before making a purchase.”
GOBankingRates reached out to Claus and a few other real estate experts to get their takes on cities in Texas and Arizona that are not worth your time or money in the 2024 housing market. Here’s what they had to say, along with the median home prices in each city, sourced from Zillow.
