Market Update: Home Prices Continued to Climb in March

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.”

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