What's the Key Driver Behind US Home Prices?

LZ Granderson: One of the key drivers behind US home prices is that basically we saw home prices get a decades worth of appreciation in just two and a half years. He says people are locked in such a low interest rate that they have very little incentive to sell. LZ: San Jose, San Jose from June through August, according to Black Knight, is down about $203,000. But all these markets with the exception of,. you know, a handful are out on the West Coast, he says.