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Home prices rise, but low rates keep buyers in the game

By John Seelmeyer
new home construction

Even though home prices are rising faster than incomes in the Reno-Sparks area, super-low mortgage interest rates are keeping home purchases affordable.

Eugenia Larmore, president of Reno-based Ekay Economic Consultants, reported a few days ago that affordability in Reno and Sparks improved slightly this spring.

The index looks at three factors that determine whether a buyer qualifies for …

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