Despite disparity and downturn, building business booms

The housing market in Nebraska and across the United States remains strong through the COVID-19 pandemic despite a corresponding recession causing income disparity.

The sustained strength of real estate is largely due to record-low mortgage rates. Although mortgage rates saw a small uptick following recent news of possible COVID-19 vaccines, those rates are still nearly a percentage point lower than they were last year at 2.84%, according to data from Freddie Mac’s Economic and Research group.

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