Market Update: Home Prices rise 5% since 2014.

This morning’s Case-Shiller Home Price Index for June reported that home prices rose 5 percent year-over-year, and rose 1 percent month-over-month in the 20-city index. Quicken Loans vice president Bill Banfield offers the following comments on the report:

“The song remains the same for home prices – modest monthly increases and steady yearly growth. This is expected to continue as long as the pattern of eager buyers chasing a small housing supply persists.”

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