This morning’s Case-Shiller report shows a 12.1% annual increase in home prices. Quicken Loans Chief Economist Bob Walters offers the following comments on the report:
“April’s Case-Shiller index showed yet another month of rising home prices. The 12.1% annual gain in prices was fueled by the vicious bidding wars occurring across the country. We will start to see the rise in home prices slow its pace once home inventory begins to catch up with buyer demand.”
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