March’s Case-Shiller report showed an increase in home prices of 12.4% from March 2013. Quicken Loans Vice President Bill Banfield offers the following comments on the report.
“While the increase in home prices is slowing, homeowners have still gained a significant amount of equity in the last year. A moderation in price increases is a reflection of a healthy housing market, especially if it continues as inventory increases.”
If you would like to talk to someone at Quicken Loans about today’s report or anything in the mortgage market, please contact us.