Market Update: Existing Home Sales Dipped in March April 22, 2021 The National Association of Realtors just announced that existing home sales dipped 3.7% from February to March. Bill Banfield, Rocket Mortgage Executive Vice President of Capital Markets, had the following comments on the news. Read More→
Market Update: Housing Starts Jumped in March April 16, 2021 March’s New Residential Construction report showed a 15.3% increase in privately-owned single-family housing starts, to an annual rate of 1,074,000 units. Bill Banfield, Rocket Mortgage Executive Vice President of Capital Markets, offers the following insight on the report. Read More→
Market Update: January Shows Rise in Existing Home Sales February 19, 2021 Existing home sales rose 0.6% from December to January. Bill Banfield, Rocket Mortgage Executive Vice President of Capital Markets, offers the following insight on the report. Read More→
Market Update: Housing Starts Dipped for First Time in More Than Half a Year in January February 18, 2021 November’s New Residential Construction report showed a 12.2% decrease in privately-owned single-family housing starts, to an annual rate of 1,162,000 units. Bill Banfield, Rocket Mortgage Executive Vice President of Capital Markets, offers the following insight on the report. Read More→
Market Updates: Home Prices Witness Historic Year-Over-Year Growth in October December 29, 2020 The Case-Shiller report showed an 8.4% increase in home prices annually in October – the highest rate in six years. Bill Banfield, Rocket Mortgage Executive Vice President of Capital Markets, offers the following insight on the report. Read More→
Market Update: Existing Home Sales Dipped Slightly in November December 22, 2020 November’s Existing Home Sales report showed a 2.5% decrease in home sales, to a seasonally adjusted rate of 6.69 million. Bill Banfield, Rocket Mortgage Executive Vice President of Capital Markets, offers the following insight on the report. Read More→
Market Update: Housing Starts Increased, Albeit Slowly in November December 17, 2020 November’s New Residential Construction report showed a 0.4% increase in privately-owned single-family housing starts, to an annual rate of 1,181,000 units. Bill Banfield, Rocket Mortgage Executive Vice President of Capital Markets, offers the following insight on the report. Read More→
Market Update: Home Price Acceleration Hits Six-Year High November 24, 2020 The Case-Shiller report showed a 7% increase in home prices annually in September – the highest level in six years. Bill Banfield, Rocket Mortgage Executive Vice President of Capital Markets, offers the following insight on the report. Read More→
Market Update: Existing Home Sales Remain at Heightened Levels in October November 19, 2020 October’s Existing Home Sales report showed a 4.3% monthly increase, bringing the year-over-year growth to a staggering 26.6%. Bill Banfield, Rocket Mortgage Executive Vice President of Capital Markets, offers the following insight on the report. Read More→
Market Update: Housing Starts Continued Hot Streak in October November 18, 2020 October’s New Residential Construction report showed a 6.4% increase in privately-owned single-family housing starts, to an annual rate of 1,179,000 units. Bill Banfield, Rocket Mortgage Executive Vice President of Capital Markets, offers the following insight on the report. Read More→