Market Update: Home Price Growth Continues Amid Pandemic

  • July 28, 2020

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.”

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

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