Market update: Home prices increase 4.9% in September from the year prior

Home prices climbed at a slower pace in the 12 months leading up to September, showing a 4.9 percent increase from the year prior. Quicken Loans Vice President Bill Banfield offers the following comments on the report.

“No news is good news as home prices continue to stabilize. Most sellers would love to see their home equity continue to jump, but leveling prices provide an opportunity for those looking to enter the market – particularly the millennial generation that has been waiting patiently on the sidelines.”

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