Archives: August 2014

Market update: home prices fall 0.2 percent in June’s Case-Shiller report

June’s Case-Shiller report showed a decline of 0.2 percent in home prices. Quicken Loans Vice President Bill Banfield offers the following comments on the report. “The gains in home prices are starting to slow but remain directionally positive. Other housing data on starts and existing home sales are upbeat and [...]

Quicken Loans Partners with the Obama Administration to Ensure Military Members Receive Mortgage Protections

The nation’s second largest retail lender immediately begins notifying service members of the flexible financial protections that their active duty triggers under federal law.

July New Home Sales Fall, Home Inventory Rises

This morning’s new home sales report fell 2.4 percent, however home inventory has increased 4.1 percent to 205,000 units, the highest since August 2010. Quicken Loans vice president Bill Banfield offers the following comments on the report: “After strong housing starts and existing home sales numbers, the disappointing New Home [...]

Market update: July’s existing home sales climb 2.4 percent

Quicken Loans vice president comments on July's existing home sales report.

Market update: mortgage applications increase 1.4 percent

Quicken Loans vice president comments on the MBA mortgage application survey.

Market Update: Housing Starts Show Large Growth

“July’s spike in new construction and the increase in permits is the shot in the arm that the housing industry was looking for. Now that construction is more in line with homebuilder confidence, the end of the lull that has been holding down the market since the beginning of the year may finally be here.”

Quicken Loans’ “Paint Your Way to Dover” Contest Puts Fans in the Driver’s Seat by Selecting Ryan Newman’s Paint Scheme

Car design to appear on-track in Dover; Charities to benefit from voting.

Market Update: Refinances increase 3.8 percent

The Mortgage Bankers Association’s seasonally adjusted index of mortgage applications increased by 1.6 percent last week, with refinances rising 3.8 percent on seasonally adjusted basis. Quicken Loans vice president Bill Banfield offers the following comments on the report: “Last week was a volatile week for interest rates, but it also [...]