9 November 2018

UNITED STATES: Suburbs are proving the most expensive places to buy houses

As reported in the previous edition of ReloTalk, rental prices were remaining steady in the United States, however, new information from real estate firm Zillow reports that the most expensive areas to both buy and rent are in the suburbs.

In half of the country's largest markets, it is more expensive to buy in the suburbs than in urban or rural areas. In San Diego, for example, paying for a suburban home requires more of the median household income than in rural or urban areas.

There are some exceptions, however, such as Seattle where the urban metro area is still the most expensive place to buy. Of course, the size and space of the homes has an impact on house prices.

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How does this affect the client?

Employers should look at locations when transferring employees and consider housing budgets per region. Employers should also manage employee expectations.



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