Top 10 Worst Cities to Buy a House in 2024

These are the top 10 worst cities to buy a house in 2024. Areas that are 1) expensive, 2) have no inventory for sale, and 3) could experience price drops in the future.

This is a combination of factors that makes life very difficult for homebuyers in 2024. Perhaps it would be better for buyers to wait buying in these areas.

10. Los Angeles, CA
9. Manchester, NH
8. Las Vegas, NV
7. Charleston, SC
6. Boston, MA
5. Portland, ME
4. San Diego, CA
3. Worcester, MA
2. Asheville, NC
1. Stamford, CT

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[ReventureConsulting]

The worst cities to buy a house in 2024 are ones with expensive prices, no inventory, and overvaluation. Things no homebuyer wants.

Here’s the full list:
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10. Los Angeles, CA
9. Manchester, NH
8. Las Vegas, NV
7. Charleston, SC
6. Boston, MA
5. Portland, ME
4. San Diego, CA
3. Worcester, MA
2. Asheville, NC
1. Stamford, CT

[ChristopherAbelman]

The fact that there is already an excessive amount of demand awaiting its absorption, despite how everyone is frightened and calling the crash, is another reason why it is less likely to occur that way. 2008 saw no one, at least not the broad public, making this forecast, as I'll explain below. The ownership rate was noted to have peaked in 2004 in the other comment. Having previously peaked in the second quarter of 2020, we are currently at the median level. Between 2008 and 2012, it dropped by 3%, and by the second quarter of 2020, it had dropped from 68 to 65.

[HodgeChris]

I’m in Ohio and the housing market here over the last 7-8 years is unlike anything I’ve ever seen. Homes that were bought for $130K in 2015 are now being sold for $590k. I’m talking about tiny, disgusting, poorly built 950 square foot shit boxes in quiet mediocre neighbourhoods. Then you’ve got Better, average sized homes in nicer neighbourhoods that were $300K+ 10 years ago selling for $750k+ now. Wild times.

[FusunTumsavas-cqtp]

It is difficult to make exact projections for the housing market as it is still unclear how quickly or to what degree the Federal Reserve will reduce inflation and borrowing costs without having a substantial negative impact on demand from consumers for anything from houses to cars.

[Raymondjohn]

I think a housing crash will happen because all those people who bought homes over asking price, although it was at a low interest rate, they are over their heads. They have no equity if the housing prices continue to go down, and if for whatever reason they cannot afford the house anymore and it goes into foreclosure because even if they try to sell, they will not make any money. I think this will happen to a lot of people especially with the massive layoff predicted for the future and the cost of living rising at a high speed.

[Loganedwards]

Anyone know which stocks might be seeing significant increase this holiday season? A January bounce has been mentioned frequently. I recently sold my Boca Grande, Florida, home, and before the stock market's equities start to recover, I want to invest a big sum. Is it wise to purchase right now or not?

[MrShowoff]

Life is such a scam. We have to hope for a market crash just to afford a home.

[nicolasbenson]

I'm hoping there will be a housing crisis so I can buy cheaply when I sell a few houses in 2025. As a backup plan, I've been thinking about purchasing stocks. What advice do you have for choosing the best buying time? On the one hand, I continue to read and see trading earnings of over $500k each week. On the other side, I keep hearing that the market is out of control and experiencing a dead cat bounce. Why does this happen?

[Eric_moore]

As February approaches, the home I purchased in 2023 has appreciated by $60, 000 since my acquisition. However, the downside is the diminishing value of the dollar. I am currently contemplating strategies to reinvest $300, 000 in the real estate market.

[nickwhite]

As a guy who lived in Manchester, NH for 6 years before moving west, I can absolutely confirm none of the houses there are worth what they’re currently priced at. Theres multi families that are 120 years old selling for over $600k with failing foundations, rotting wood, etc

[askrealtypro]

You have been wrong about a bubble for 7 years. Buyers following your advice from 2019-2022 really lost big time equity gains. 😢

[Jasonshelton-]

Everyone who told me and my wife to wait before buying a house bc house prices will fall/crash. We’ve officially been priced out of the housing market in our area. A 3 bedroom semi detached house on average costs upwards of 350k. Do you suggest I hold from buying or do stocks for now?

[LIVINGINSEDONA]

I'm surprised no cities in Florida are not on the list with all of the insurance issues they're experiencing.

[carefulconsumer]

Excellent report. Hard to believe those house prices esp in San Diego.

[ZoomedOut]

Excellent work and the app is a God send…thanks brother..!!!
Love your channel.

[bt]

Yep, you nailed it. Asheville(and surrounding area)should and did make your list! Was starting to doubt you on previous videos that things were going down, because the fever is still going on here. Local folks cannot afford it. How many more million dollar plus buyers will continue to move here?! But I will say it’s a gorgeous part of the country.

[doomtomb]

San Diego is like the most extreme example. Been hearing about affordability issues for years.

[mikeyt]

I enjoy your videos and find them full of interesting data and analytics. One small quibble is that I think in determining overvalued markets your often fail to consider other important variables, including net worth. You look tend to look at median income to median housing prices.But a lot of people who are moving to places like Charleston, Asheville, San Diego and Vegas, as well the coastal parts of Florida, are high net worth people who are purchasing homes with equity, often with cash for full value. These aren't really local markets; they're national markets. And yes, they've priced the locals out -- but it's not just locals competing for properites. There may be some overvaluation, because eventually some of these markets will become so expensive they're less attractive even to high net worth individuals. But the point is, their pricing largely isn't being driven by local incomes.

[matiasmoscosocevallos]

You’re right, Nick! Worcester is getting expensive. I knew houses here were up there, just didn’t know by how much. Apartments are over the national average (upwards of 2k a month. This used to be an affordable place when I got to the U.S., but it is no more!

[jonmaciel]

Glad to see you talking about southern New England. It's crazy every where here. I live in Woonsocket, RI. Median household income is $54, 938. Median home price is $403, 000. 7.3 times!