Market Update: Home Price Gains Continued in June August 25, 2020 The Case-Shiller report showed a 4.3% increase in home prices annually in June. Bill Banfield, Quicken Loans Executive Vice President of Capital Markets, offers the following insight on the report: “Home prices continued to rise in June during a pandemic that has exacerbated ongoing inventory issues. Buyers are making up for the loss of the spring real estate season with a busy summer. The competition for available listings has kept prices climbing, despite the fact we are in the midst of a recession. This trend will continue until a combination of new listings and new construction balances the market.” If you would like to speak to Bill about this or any other topic, please contact us.