Archives: May 2020

Market Update: Home Prices Continued to Climb in March

The Case-Shiller report showed a 4.4% increase in home prices annually in March. Bill Banfield, Quicken Loans Executive Vice President of Capital Markets, offers the following insight on the report.

Market Update: Existing Home Sales Sink in April

April's Existing Home Sales report showed a 17.8% decrease in home sales, to a seasonally adjusted rate of 4.33 million. Bill Banfield, Quicken Loans Executive Vice President of Capital Markets, offers the following insight on the report.

2020 Rocket Mortgage Classic Announces “Changing the Course” Initiative Aiming to Provide Digital Access to City of Detroit

COVID-19 pandemic highlighted disparity in access to technology, reducing opportunities for education, healthcare, employment, and other areas.

Market Update: Housing Starts Precipitously Drop During Stay-At-Home Orders

April’s New Residential Construction report showed a 30.2% decrease in privately-owned housing starts, to an annual rate of 891,000 units. Bill Banfield, Quicken Loans Executive Vice President of Capital Markets, offers the following insight on the report.