Home values continued to climb nationally, increasing 2.03 percent from September to October 2014 and climbing 3.35 percent since October 2013, according to the Home Value Index (HVI).
“Homeowners may be disappointed to see home prices slow their monthly gains, but the sky is not falling. Nationally, home prices are still making healthy yearly gains to grow household equity and throw a lifeline to those that may still be underwater.”
Quicken Loans ‘Home Value Index’ and ‘Home Price Perception Index’ use data from the nation’s second largest retail mortgage lender to demonstrate home value and consumer perception trends in an innovative and unique view of the housing market.
Quicken Loans vice president comments on existing home sales.
The September housing starts report showed a 6.3 percent increase in new home construction and permits for single-family home construction rose 1.1 percent. Quicken Loans Vice President Bill Banfield offers the following comment on the report: “September’s housing starts and permits bounced back after a disappointing report last month. This report negates some of last month’s […]
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|2013 Loan Volume:||$80B|
|Residential Lender Rank:||2|
Detroit-based Quicken Loans is the nation’s largest online retail mortgage lender and the second largest retail home lender in the United States. The company closed a record $80 billion in home loan volume across all 50 states in 2013, breaking a company record of $70 billion set in 2012.