The 7 worst states to buy a home right now, according to experts

Key factors like cost of living, crime rates, climate change, local issues, and property taxes can make or break your budget. Whether you’re saving for a house, waiting for mortgage rates to drop, or planning a big move, diving into market research now is the smartest move.

Rachel Stringer, a Realtor at Raleigh Realty, added: “Demand continues to outpace supply, keeping inventory tight drastically. “The state’s location makes it extremely vulnerable to hurricanes and rising sea levels driven by climate change,” Stringer said. “Illinois, and specifically Chicago, faces significant financial woes,” he cautions. “The state has some of the highest property taxes in the country, and Chicago is grappling with a high crime rate and budget deficits, leading to cuts in essential services and increased taxes.

“The state also struggles with lower job growth and economic diversification, making it less attractive for long-term investments. Infrastructure issues add to the challenges of property ownership here.”“Besides the high property taxes, New Jersey is dealing with an exodus of major corporations, which impacts job availability,” Charlie said.

Meanwhile, West Virginia, traditionally coal country, is facing economic devastation as the industry declines, explained Stringer.

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