Home Prices Are Rising As Families Leave The City

Home sales dropped drastically in May; however, June saw mortgage applications rise to their highest level in 11 years. The pandemic put a severe damper on real estate activity, but we are now seeing buyers leaving big cities and bringing a rise to home prices as they compete for suburban and rural homes. Unfortunately, rising prices may be locking out many people who were hit hardest by the pandemic.

Learn more at https://www.nbcnews.com/business/real-estate/families-fleeing-city-are-pushing-home-prices-amid-tight-supply-n1232062

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