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Home Prices Surge Despite Pandemic, Unemployment Crisis

Home Prices Surge Despite Pandemic, Unemployment Crisis
A "For Sale by Owner" sign is posted in front of property in Monterey Park, Calif., on April 29, 2020. FREDERIC J. BROWN/AFP via Getty Images
Emel Akan
Emel Akan
Reporter
|Updated:

WASHINGTON—The real estate market is seeing strong signs of a rebound after being hammered by the COVID-19 pandemic and related lockdowns across the United States.

Despite the recession, home purchase demand is strong, as buyers are trying to take advantage of the record low mortgage rates, although the pandemic may result in a weakening market later this year.

Emel Akan
Emel Akan
Reporter
Emel Akan is a senior White House correspondent for The Epoch Times, where she covers the policies of the Trump administration. Previously, she reported on the Biden administration and the first term of President Trump. Before her journalism career, she worked in investment banking at JPMorgan. She holds an MBA from Georgetown University.
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