Read Full Article here… lifehacker.com

Photo: Jacob Boomsma (Shutterstock) With more workers getting the green light to continue working remotely, those paying high rent prices in larger cities may be considering moving to a place with a lower cost of living. Unfortunately for them, a lot of other people have had the same idea, sending housing costs through the roof. In fact, the median list price of a house in the U.S. was $392,000 in February 2022, and has been going up every month since early 2020, according to a report from Realtor.com . This is, at least in part, because the supply of available homes has steadily dwindled throughout the pandemic. But that doesn’t mean first-time homebuyers are completely out of luck. That same report from the real estate listings site identified the 10 American metro areas with the cheapest houses on the market. The 10 cheapest American metro areas to buy a house Generally speaking, these are smaller or mid-size cities that were once hubs of manufacturing and/or agriculture. When the industries moved, so did the jobs, and often, so did many of their former employees—leaving empty homes and neighborhoods. “These areas generally have lower median incomes and lower costs of living, helping keep home prices lower,” Hannah Jones, an economic research analyst for Realtor.com said in a report from the company . “These metros have also largely been spared rising housing costs from an influx of remote workers who have typically sought out mountain and beach destinations.” Unsurprisingly, most of these […]