Home price growth bucked recent trends in December as sales numbers continued on a slower course.
December show month-to-month home price growth was positive in 36 out of 42 reporting counties, a downturn from months of growth across all markets. While the slowdown in growth was a change from the last few months, it's not necessarily a bad sign, says Data Quick's VP. In the latest report, Crawford maintains that the previous pace of growth 'was not sustainable given the fairly weak underlying economic drivers.' 'This month, home price growth decreased substantially, which is encouraging as it shows that home prices are starting to respond to fundamentals rather than proceed along a speculative bubble-like track, Fannie Mae and Freddie Mac are lending more to first-timebuyers.
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