December’s Case-Shiller report showed a slowing in price gains at the end of 2013, but posted the fastest yearly growth in eight years. Home prices in December rose 0.8% after seasonal adjustments. Quicken Loans Vice President Bill Banfield offers the following comments on the report.
“Home price growth has definitely levelled off from the gains we saw in most of 2013. However, we’re still seeing a healthy appreciation on a national scale. Consumers need to know that homes remain extremely affordable in many areas with interest rates hovering just above record lows.”
If you would like to talk to someone at Quicken Loans about today’s report or anything in the mortgage market, please contact us.