Market Update: Home Prices Rise in November

The Case-Shiller report showed a 3.2% rise in home prices in November from the previous month and a 3.5% increase from last November.

Bill Banfield, Quicken Loans Executive Vice President of Capital Markets, offers the following insight on the report:

“We now have back-to-back months where the data shows home prices accelerating a bit faster after months of more moderate gains.  Fast forward ahead of this data and we see interest rates falling again, the same constrained inventory issues and that should keep prices rising housing in most areas of the country.”

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