Jobs, amenities help neighborhood hold value

Jobs, amenities help neighborhood hold value

Buying a home that declines sharply in property value can put you underwater on your mortgage, erode your net worth and leave you unable to relocate for a new job or adapt to a change in household income. And one of the biggest factors that determines whether a home will rise or fall in value is its neighborhood.

That’s actually a good thing, because you don’t need a crystal ball to evaluate a neighborhood’s direction, says Andrew Shiller, creator of NeighborhoodScout.com, a real-estate research website based in Worcester, Mass.

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