2013-09-27wallstreetexaminer.com

`` The average change for August over the prior 10 years was an increase of 1.2%. This August was weaker than average and much weaker than the August 2012 gain of +4.1%.... Whether this was a result of weaker demand due to higher rates or the fact that many buyers were stymied by tighter than ever inventories is debatable.. In my 40 years in or analyzing the housing business, I have noted that rising rates have always stimulated demand until they became so high as to make prices unaffordable.''



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