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‘Enormously costly’ business loan fraud drove inflation in home prices in certain markets, research suggests

Future buyers are welcomed by real estate agents at an open house in West Hempstead, New York on April 18, 2021.

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PPP credit fraud affected home prices

U.S.

The findings were consistent after weighing factors such as land victual, previous home price growth, remote work access, population density, net migration, proximity to the central province district and prior rates of remote work.

“It’s not just that you’re stealing money from the government,” Kruger chance. “There are potential distortions and spillover effects that are affecting other people in the community.”

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