There are several factors determining the value of house. A family would consider the quality of local schools, the number of bedrooms, the size of the yard. Economists assessing a region look at interest rates, employment, and population growth. But over time the most reliable guide to home values is rents. Most families won't lay out much more in monthly costs to own a house or condo than they would to rent a similar property unless they expect a huge profit when they sell.
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