Archives: April 2020

Market Update: Home Prices Growth Continued in February

The Case-Shiller report showed a 4.2% increase in home prices annually in February. Bill Banfield, Quicken Loans Executive Vice President of Capital Markets, offers the following insight on the report.

Market Update: Existing Home Sales Drop in March

March's Existing Home Sales report showed a 8.5% decrease in home sales, to a seasonally adjusted rate of 5.27 million. Bill Banfield, Quicken Loans Executive Vice President of Capital Markets, offers the following insight on the report.

Market Update: Housing Starts Heavily Impacted by Coronavirus

March’s New Residential Construction report showed a 22.3% decrease in privately-owned housing starts, to an annual rate of 1,216,000 units. Bill Banfield, Quicken Loans Executive Vice President of Capital Markets, offers the following insight on the report.

Rocket Mortgage, Quicken Loans and Rock Family of Companies Unleash Full Arsenal of Resources and Announce Public-Private Partnerships to Source, Procure and Manufacture Materials to Fight Coronavirus Pandemic

The wide-scale effort includes manufacturing and resourcing of critical supplies for Detroit-based hospital systems.