This morning’s Case-Shiller report shows a 10.2% annual increase in home prices. Quicken Loans Chief Economist Bob Walters offers the following comments on the report:
While the rise in home prices is expected, seeing the best annual gain in nearly seven years is music to the economy’s ears. With home values increasing, the time for bargains is fleeting. The time to act is now for homebuyers to buy a home with today’s reasonably low prices coupled with interest rates near record lows.
If you would like to talk to Bob in greater detail, please contact us.