Today’s Case-Shiller report showed a 0.2% monthly increase in home prices from September to October and a 13.6% increase over October 2012’s numbers. Quicken Loans vice president Bill Banfield offers the following comments on the report:
“Home prices in October continued their slow march forward from September’s levels, but continued to make leaps over the 2012 prices. The New Year will bring these two measures closer together as the yearly home price report begins to make more modest, sustainable increases; those that we find in a healthier economy.”
If you would like to talk to someone at Quicken Loans about today’s report or anything in the mortgage market, please contact us.