This morning’s Case-Shiller Index, reflecting home price changes in March, reported that home prices increased 5.8 percent year-over-year. Bill Banfield, Quicken Loans Executive Vice President of Capital Markets, offers the following comments on the report:
“The continued home price growth, driven by inventory that can’t keep up with the high demand, is further proof of a strong appetite for home buying. This should quell the fears of those who voiced concerns over the effects of rising interest rates on housing.”
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