DataQuick has announced in its monthly Property Intelligence Report (PIR) an August decline in the rapid rate of recent housing price growth and an increase in foreclosure activity. Though factors such as rising rates, uncertainty about employment and uncertainty about the direction of monetary fiscal policy have contributed to reductions in demand for housing and dampened overall home price growth, 40 of the 42 reporting counties still showed positive home price numbers for the month. All reporting counties have also reported home price growth over the past year.Click to continue
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