Archives: August 2016

Market Update: Home prices increase 5.1 percent year-over-year

This morning’s Case Shiller Home Price Index for June reported that home prices increased 5.1 percent year-over-year, and rose 0.8% from the previous month in the 20-city index. Quicken Loans vice president Bill Banfield offers the following comments on the report:

Market Update: Existing home sales decline 3.2 percent in July

The Existing Home Sales Report showed home resales decreased 3.2% in July, falling 1.6% from the previous July. Quicken Loans vice president Bill Banfield offers the following comments on the report:

Market Update: New Home Sales Jump, Provide Boost for Housing Market

This morning’s New Home Sales report for July showed that sales of newly built homes increased 12.4 percent since June, and rose 31.3 percent year-over-year. Quicken Loans vice president Bill Banfield offers the following comments on the report:

Quicken Loans Study Finds Owners Overestimate Home Values Nationally, Perceptions Vary Widely Across the Country

Home values increased 1.43% in July and rose 6.24% year-over-year, according to the national HVI.