Archives: September 2014

Market Update: Home Prices Increase 0.2% in July

This morning’s Case-Shiller House Price Index for July reported that home prices rose 0.2 percent month-over-month on a seasonally adjusted basis, and rose 6.7 percent year-over-year. Quicken Loans vice president Bill Banfield offers his comments on the report

Quicken Loans Extends Relationship with Richard Childress Racing and NASCAR Driver Ryan Newman

Nation’s largest online mortgage lender entering fourth year with perennial Chase driver.

August’s new home sales jump 18%, hitting six-year high

Quicken Loans vice president comments on August's new home sales report.

Quicken Loans Launches “Miles for Military” in Partnership with Operation Homefront to Reunite Military Heroes with their Loved Ones

Quicken Loans, the nation’s largest VA lender, celebrates 2 million closed loans by providing more than 400 round-trip plane tickets, totaling at least 2 million miles of domestic or international travel to active-duty service members or their families.

Market Update: Existing Home Sales drop 1.8% in August

The National Association of Realtors’ existing home sales report fell 1.8 percent, however all-cash home purchases by investors also fell to 12 percent of homes in August, down from 16 percent in July and 17 percent in August 2013. Quicken Loans vice president Bill Banfield offers the following comments on the report:

Market Update: Housing starts fall 14.4% in August

“Rather than signaling a downfall in the housing industry, a deeper look suggests that single family starts are relatively stable and growing year over year. The stability of home construction is buoyed by the strong homebuilder sentiment numbers and may suggest a continuation of the improvements we’ve seen in housing.”

Market update: mortgage applications fall 0.2 percent

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