The countrywide hot housing market exists despite a massive reduction in foreign investment over the course of the pandemic. Loosened travel restrictions may reignite foreign interest in U.S. real estate — pushing home prices even higher in certain markets in the process.

On Monday, the White House announced that it would begin to allow international travelers to come to the U.S. if they could show proof of COVID-19 vaccination and of a negative COVID-19 test taken within 72 hours of their departure. Since the pandemic began, travel restrictions have remained in place prohibiting entry to most international travelers from parts of the world with high levels of COVID transmission.

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