Home prices rose 0.8 percent in July, marking
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the fourth consecutive monthly increase, according to the latest home price index from CoreLogic. Capital Economics responded to CoreLogic’s report saying, its analysts “are wary” of reading too much into the “fairly optimistic” house price report because prices have yet to respond to the recent weakening in consumer demand. Despite the monthly increase, Corelogic says home prices are down 5.2 percent from where they stood a year ago. Resourced from DSNews.com.
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