Market Update: Home Price Gains Slow

Today’s Case-Shiller report showed a 1.1% monthly increase in home prices and a 9.3% increase over May 2013’s numbers. Quicken Loans vice president Bill Banfield offers the following comments on the report:

“Home price gains have been tapping the brakes, slowing again in May. While homeowners and prospective sellers may find this disappointing, when paired with interest rates that are at 12 month lows, these home prices bring greater affordability to those looking to buy.”

If you would like to speak to Bill about this or any other topic, please contact us.