Home prices are up almost everywhere
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And the growth of home prices is outpacing that of incomes. Plus, amid rising COVID-19 cases, still no progress on more federal aid. And, eight months into the pandemic in the U.S., the coronavirus is now hitting rural communities hard.
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Markets are conflicted with good news about vaccine progress, bad news about COVID-19 cases soaring
Complicating all of this is the fact that there's still so much uncertainty about how the federal government might act. Christopher Low, chief economist at FHN Financial, says "both sides are kind of calcifying into very different positions on what should be done." Plus, the improvement in the labor market is slowing, Low said, and he's fearful that will see "much more severe limitations on economic activity than what's in place now."
Home prices grew by double-digit percentages in all parts of the country last quarter
That's according to new data from the National Association of Realtors. Marketplace's Nova Safo has more.
Grundy County, Tennessee, is seeing new cases of COVID-19 every day, but health services are not readily available there.