Market Update: Home Prices Continue Strong Increases

  • March 29, 2016

This morning’s Case-Shiller Home Price Index for January reported that home prices rose 5.7 percent year-over-year, and was unchanged from the previous month in the 20-city index. Quicken Loans vice president Bill Banfield offers the following comments on the report:

“The primary driver of the rising prices, the lack of inventory, shows the desire for housing remains strong across the country. Continued home price gains give homeowners who are considering a new home one more reason to sell as we approach the spring real estate season.”

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

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