According to the Case-Shiller 20-City Home Price Index for November, home prices fell 0.2 percent month-over-month, but rose 4.3 percent year-over-year. Quicken Loans Vice President Bill Banfield offers the following comments on the report:
“Home prices continue to show modest increases on a year over year basis. This is encouraging on several fronts including homeowners that are steadily building equity and new buyers that can enter a more stable housing market.”
If you would like to speak to Bill about this or any other topic, please contact us.