In March, the US Federal Reserve's lowering of interest rates fueled a housing boom.<br />According to Business Insider, the Federal Housing Finance Agency says that the explosion shows no signs of subsiding.<br />A seasonally adjusted index of prices rose 1.7% in September from the prior month, and prices jumped 7.8% from their year-ago period.<br />Mortgage rates hit their thirteenth record-low of the year last week. The average 30-year fixed-rate mortgage rate fell to 2.72% from 2.84%.<br />However, experts say the good times in the housing market aren't likely to last forever.<br />We expect some moderation in the pace of housing starts in the face of the rapidly escalating health crisis, a faltering recovery, and softening labor market gains. Nancy Vanden Houten, Lead US economist, Oxford Economics
