Market Update: Exisiting Home Sales make their first yearly increase of 2014
“Home resales saw an unexpected rise in October. The current growth in home sales along with the jump in housing starts indicates that the housing market isn’t freezing over quite yet. Home prices making slow increases, hand-in-hand with interest rates at generational lows, leads to an excellent opportunity to buy a home.”
Housing starts fall 2.8% in October
This morning housing starts showed a 2.8 percent decrease in new home construction and permits for single-family home construction rose 4.2 percent, the highest since November 2013. Quicken Loans Chief Economist Bob Walters offers the following comment on the report: “Following a spike in September, housing starts declined in the [...]
Quicken Loans Earns Top Spot for Unprecedented 5th Consecutive Year in J.D. Power Study for Customer Satisfaction Among U.S. Mortgage Originators
Detroit-based Quicken Loans, the nation’s second largest retail mortgage lender, today announced that for the fifth consecutive year it ranks highest in customer satisfaction by J.D. Power among all major home loan lenders for primary mortgage origination.
Quicken Loans Home Value Index (HVI) Shows Values Up More Than 2% in October – 90% of Metro Areas Up Over Past Year
Home values continued to climb nationally, increasing 2.03 percent from September to October 2014 and climbing 3.35 percent since October 2013, according to the Home Value Index (HVI).