Market Update: Home prices show increase in December Case-Shiller Report

This morning’s Case-Shiller Home Price Index for December reported that home prices rose 4.5 percent year-over-year, and rose 0.1 percent month-over-month in the 20-city index. Quicken Loans vice president Bill Banfield offers the following comments on the report:

“Home prices have entered what appears to be a steady level of appreciation that is not too hot or too cold.  But the limited supply of homes on the market to choose from may make some buyers feel like they were left out in the cold.”

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