The Case-Shiller report showed a 3.8% increase in home prices from December 2018 to December 2019.
Bill Banfield, Quicken Loans Executive Vice President of Capital Markets, offers the following insight on the report:
“We continue to see home price increases driven by low supply and strong demand. While the future isn’t always clear, the recent drop in interest rates to historic lows could provide additional affordability for even more buyers to consider making a move.”
If you would like to speak to Bill about this or any other topic, please contact us.