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

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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