Market update: Home prices rise 5.4% year-over-year

  • June 28, 2016

This morning’s Case-Shiller Home Price Index for April reported that home prices rose 5.4% year-over-year in the 20-city index. Quicken Loans vice president Bill Banfield offers the following comments on the report:

“Home price growth continues to be driven by an improving employment picture and historically low interest rates. There’s a lot of pent up demand out there, and we’ve been seeing the result of that play out in home prices the past year.”

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

 

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