Market Update: Home Price Growth Continues Amid Pandemic

The Case-Shiller report showed a 4.5% increase in home prices annually in May.

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

“The pandemic has not stopped the consistent home price growth we have witnessed in recent years. With inventory low and a recent surge of homebuyers interested in finding a home where they can feel comfortable no matter what life presents them, we will likely see steady increases through the rest of the summer.”

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