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Red-hot housing market lifts even struggling metros

© iStock A massive demand for housing is fueling a spike in home prices across the country as those cooped up by the coronavirus pandemic and with access to cheap money search for more space. The boom is benefiting both the mega metropolitan areas that have seen so much success over the last decade and the mid-level metro areas that have struggled to catch up. The result, real estate analysts, economists and agents say, has been an unprecedented seller’s market that is only likely to drive housing prices up in the coming months. ADVERTISEMENT “Demand for homes remains really strong, and competition is elevated,” said Matt Speakman, an economist for the real estate company Zillow. “That competition is helping keep inventory quite low.”

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