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WASHINGTON, D.C. (NPR) — Record high home prices and low inventory were already making things hard for first-time homebuyers. But new numbers show that investors are driving even more people away from homeownership. “Investors are coming in and pushing out the first-time buyers,” says Lawrence Yun, Chief Economist for the National Association of Realtors. He… Read More
Despite high unemployment, a severe recession and economic uncertainty, the housing market is on a tear. Sales are booming, and prices hit a record high. Low rates and remote work are driving factors.