Archives: August 2015

Rehabbed and Ready: Public-Private Partnership to Renovate and Auction Homes in Detroit Neighborhoods, Bring Much-Needed Pricing Stability to Area

Quicken Loans provides $5 million grant/funding to program bringing stability Detroit neighborhood housing values.

Market Update: Home Prices rise 5% since 2014.

This morning’s Case-Shiller Home Price Index for June reported that home prices rose 5 percent year-over-year, and rose 1 percent month-over-month in the 20-city index. Quicken Loans vice president Bill Banfield offers the following comments on the report:

Market update: Existing home sales climb 2% in July

The pace of existing home sales climbed to their highest levels since 2007, rising 2% in July.

Market Update: Housing Start rise in July

Today’s housing starts report showed a 0.2 percent increase in new home construction nationally, rising to an anualized rate of 1.21 million - the highest in almost eight years. Starts in single family housing also increased 12.8 percent in July. Quicken Loans Vice President Bill Banfield offers the following comments on the report:

Quicken Loans Report: Gap Between Appraiser and Homeowner Perceptions Doubled in July

Home values remained largely unchanged since June, healthy growth since July 2014.

Quicken Loans and Carter’s Kids Partner on New Playground Development in Detroit’s Osborn Neighborhood

Pulaski Elementary-Middle School receives two new playscape structures from Quicken Loans.