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Home Prices

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WASHINGTON (AP) — U.S. home prices jumped by a record amount in June as homebuyers competed for a limited supply of available houses, the latest evidence that the housing market remains red-hot.

Rental properties are a product with steady demand, even in difficult economic times, and rent payments often cover the bulk of the investor’s costs over the life of the investment.

Despite widespread economic declines brought on by the COVID-19 pandemic, the real estate market has remained surprisingly strong, with record-setting increases in existing home sales in every region of the United States. 

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