If Rates Are Low Why Are Home Prices Rising?

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If Rates Are Low Why Are Home Prices Rising?

When the coronavirus pandemic gutted the strongest U.S. economy, many assumed another recession would bring rock-bottom home prices along with it. Instead, home prices defied logical assumptions — and soared to new heights. Paradoxically enough, one of the biggest drivers of the double-digit price hikes is the very same record-low mortgage interest rates that put…
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