Cities with the fastest-growing populations—and how the real estate market has changed in each

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(Stacker) – The COVID-19 pandemic wildly affected supply and demand in the real estate market, exacerbating the existing housing shortage while driving demand as mortgage rates dropped to record lows. American homeowners with mortgages saw their equity increase by 19.6% between the first quarter of 2020 and 2021, representing a cumulative gain of $1.9 trillion. Those in the market to buy or sell a home in the last year likely witnessed the housing boom firsthand: There are numerous accounts of buyers paying hundreds of thousands above the asking price or even supplementing offers with cryptocurrency or vacation offers.

With more workers going fully remote, many people have the flexibility to move to suburban areas and smaller cities like Denver that were already gaining in popularity pre-pandemic. The West and South are the fastest-growing regions of the last decade, according to census data. Many larger counties have grown more…

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