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Runaway house prices: the ‘winners and losers’ from the pandemic

The coronavirus lockdown was supposed to be a great leveller. Instead, a property boom is reinforcing inequalities

In Akron, Ohio, house prices have risen by 10.1 per cent over the past year. In Albany, New York, the increase has been 11.7 per cent. Albuquerque, New Mexico, has seen a similar surge of 11.6 per cent.

And that is just the American cities beginning with an A.

“You could throw a dart at a map and it wouldn’t matter where it landed because the housing market there is probably hot,” says Ali Wolf, chief economist at Zonda, a housing market research company in California.

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