Home Price Increases Widen in September

Home Price Increases Widen in September

Sales Weaken: After taking a break in the summer, home price growth got back up to strength in September,

DataQuick, a specialist in property information and decisioning solutions, reported price growth “resumed at a rapid rate in September and spread to all” of its 42 reporting counties on a monthly, quarterly, and yearly basis.
Other consequences to look out for: “[C]ontinued single-family rental demand driven by decreases in home affordability, sustained risk of home price corrections and stringent mortgage credit standards, and an increase in purchases by investors” driven by the two preceding factors.
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