With many white-collar employees contemplating a long-term shift to telework, and children still going to school over Zoom, the pandemic is still fuelling demand.
In October, sales of existing homes hit their highest level since early 2006, according to the National Association of Realtors .According to NAR data, the median price for individual houses rose to US$313,500 in the third quarter, up 12 per cent year-on-year. "Because of the strong price gain, it is increasingly becoming more difficult for renters to save up for a down payment," Mr Yun said.
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