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Types of Homes That Will Plummet in Value in 2024

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Homes in Climate-Vulnerable Areas

Homes in hurricane-prone coastal locations, flood zones, and wildfire-prone places may lose value.

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Outdated Single-Family Homes

Single-family homes that have not been updated or renovated in decades don’t hold as much appeal to buyers.

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Luxury Urban Condos

The pandemic shifted many people’s preferences away from dense urban living to more spacious suburban or rural homes.

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Homes Near Polluting Industries

Increasing awareness and concern over environmental health and air quality are influencing buyer preferences.

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Large Homes in Failing Neighborhoods

Oversized homes, especially in areas with declining economic conditions or local attractions, are expected to lose value.

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Why These Homes May Decrease in Value

Economic uncertainty, shifting customer preferences for sustainability and contemporary facilities, and climate change are main causes.

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