Why Are Home Prices Rising So High? Blame Record-Low Mortgage Rates

From: Realtor.com 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 […]

Why a Pandemic, a Recession, and Protests Aren’t Keeping The Housing Market From Roaring Back

The housing market is back—and then some. Despite the crippling and ongoing coronavirus pandemic, millions out of work, a recession, a national reckoning over systematic racism, and a highly contentious presidential election just around the corner, the residential real estate market is staging an astonishing rebound. Median home prices shot up 6.2% year over year […]