In the case of tight housing supply, low-interest loans stimulate buyers to compete for prices.

Us housing prices have once again recorded their biggest rise in more than 30 years.
The s & p CoreLogic case-Schiller national house price index rose 18.6% in June from a year earlier, up from 16.8% in may and accelerating for the 13th month in a row, according to a statement released on Tuesday.
The increase in June was the biggest since 1988. In the case of tight housing supply, low-interest loans encourage buyers to compete for prices.
The 20-city house price index climbed 19.1%, higher than the median expected by economists surveyed by Bloomberg.