In a situation where the supply of housing is tight, low-interest loans stimulate buyers to compete for prices.
Home prices in the US have once again recorded their biggest increase in more than 30 years.
According to a statement issued on Tuesday, the S&P CoreLogic Case-Schiller National Housing Price Index rose 18.6% year on year in June, up from 16.8% in May, and accelerated for the 13th month in a row.
The increase in June was the biggest since 1988. In a situation where the supply of housing is tight, low-interest loans stimulate buyers to compete for prices.
The housing price index in 20 cities rose 19.1%, higher than the median forecast of economists surveyed by Bloomberg.