What Urban Flight Is Doing To The Real Estate Markets.

9 minutes

Ask any Realtor: what the secret to your home's price is, and they'll answer: Location, Location, Location.

It's an old saw, but it aptly explains why one house can sell at such an elevated price, while essentially the same house across town may sell for so much less.

The house itself, is not the only measure of value. People also want to live in a certain neighborhood, complete with certain amenities, such as shopping, schools, and safety. And its these latter factors which can greatly determine price.

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