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Opportunity Zones Show Mixed Signals in First House Price Report

[Updated: Nov 17, 2020 ] Nov 17, 2020 by Marc Rapport

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Home prices in opportunity zones around the country continued rising in the third quarter of 2020, riding the wave of a nationwide boom that has defied the economic damage from the widespread coronavirus pandemic. The increases point toward signs that some of the country's most distressed communities have great potential for revival. At that same time, though, prices remain depressed in opportunity zones, and a notable number actually dropped in the third quarter -- a potentially very troubling indicator. Those dueling trends will be important to watch over the coming months amid a highly uncertain economic outlook.

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