General World News

We are still in a housing crisis

A house underwater

Summary List Placement

In March, home prices surged at their fastest pace since 2005, and Google searches for “when is the housing market going to crash?” spiked 2,450%.

One year into the pandemic, one thing is clear: Uncertainty ushered in a housing boom bolstered by the desire to have bigger, better spaces to quarantine and record-low mortgage interest rates. The result was dwindling housing inventory and home prices so eye-popping that many were left wondering how long it would take for the market to start cooling.

Now there are early signs of that slowdown. The Mortgage Bankers Association reported details ⇒

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