Rising Prices Can’t Stop U.S. Real Estate Boom

Yahoo! Finance Australia, Mar. 19, 2021–Julie Chabanas
While the wider US economy has struggled after states restricted business to stop Covid-19, real estate was one of the few bright spots in 2020, boosted both by low mortgage rates and the shift towards remote work caused by the pandemic. “We’ve seen mortgage rates move higher in the past month or so,” said Joel Kan of the Mortgage Bankers Association.