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| Sponsored by Quicken Loans |
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| Case-Shiller Home Prices: Bigger Cities Cool Off |
| By Suzanne De Vita |
In August, home prices rose 3.2 percent year-over-year—a continuation of a longer-term trend, according to the latest S&P CoreLogic/Case-Shiller Indices. Chiefly driving momentum? Low rates, Ralph McLaughlin, CoreLogic deputy chief economist and executive of Research and Insights, says. Currently, mortgage rates sit at 3.75 percent, according to Freddie Mac. "Persistently low mortgage rates have seemingly ended what might have otherwise been a home price race-to-the-bottom this late in our economic expansion," McLaughlin says. "Mortgage rates this low at the end of an economic cycle is nearly unprecedented and may be very well keeping the housing market—and U.S. ...
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(TNS)—Renting a place to live may give you the freedom to move when you want and relieve you of the responsibilities
