Market Update: Case Shiller Home Price Index shows Prices Continue to Rise in August

This morning’s Case-Shiller Home Price Index for August reported that home prices rose 0.2 percent from July to August, and rose 5.6 percent from August 2013 to August 2014. Quicken Loans vice president Bill Banfield offers the following comments on the report:

“Homeowners may be disappointed to see home prices slow their monthly gains, but the sky is not falling. Nationally, home prices are still making healthy yearly gains to grow household equity and throw a lifeline to those that may still be underwater.”

If you would like to talk to someone at Quicken Loans about today’s report or anything in the mortgage market, please contact us.