Archives: September 2016

Market Update: Home prices increase 5 percent year-over-year

This morning’s Case-Shiller Home Price Index for July reported that home prices increased 5% year-over-year, and rose 0.6% from the previous month in the 20-city index. Quicken Loans vice president Bill Banfield offers the following comments on the report:

Market Update: New home sales drop 7.6 percent in July

This morning’s U.S. Census Bureau report showed that new home sales in August dipped 7.6% to a seasonally-adjusted annual rate of 609,000 units. Quicken Loans vice president Bill Banfield offers the following comments on the report:

Market Update: Housing Starts Plunge in August

Housing starts dropped 5.8 percent in August to a seasonally adjusted rate of 1.14 million units. Quicken Loans Vice President Bill Banfield offers comments.

Home Appraisals Continue to Fall Below Owner Perceptions Nationally While Home Value Growth Leaps Forward

Home values increased 1.73% in August and rose 8.13% year-over-year, according to the national HVI