What Continued Price Growth Means For The Market

After a year of consistent gains, home price growth seemed to slow over the summer months. But, according to a new report from DataQuick, prices rebounded significantly in September with increases seen in all 42 included counties on a monthly, quarterly, and yearly basis. DataQuick’s monthly Property Intelligence Report found all of its reporting markets experienced growth in excess of their long-term average. Gordon Crawford, Ph.D., vice president of analytics for the company, said the immediate impact of the gains would be an increase in home price listings and overall sales as homeowners with negative equity are gradually swept toward a position of positive equity. Crawford also expects a decrease in foreclosures and increases in demand for home equity lines of credit. More here.

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