Market Updates 2020 June 30, 2020 - Market Update: Home Prices Continue to Rise in April The Case-Shiller report showed a 4.7% increase in home prices annually in April. Bill Banfield, Quicken Loans Executive Vice President of Capital Markets, offers the following insight on the report. June 22, 2020 - Market Update: Existing Home Sales Continue to Fall May's Existing Home Sales report showed a 9.7% decrease in home sales, to a seasonally adjusted rate of 3.91 million. Bill Banfield, Quicken Loans Executive Vice President of Capital Markets, offers the following insight on the report. June 17, 2020 - Market Update: Housing Starts Rebound as Economies Reopen April’s New Residential Construction report showed a 4.3% increase in privately-owned housing starts, to an annual rate of 974,000 units. Bill Banfield, Quicken Loans Executive Vice President of Capital Markets, offers the following insight on the report. May 26, 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. May 21, 2020 - 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. May 19, 2020 - 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. April 28, 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. April 21, 2020 - 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. April 16, 2020 - 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. March 31, 2020 - Market Update: Home Prices Continue to Rise in Early 2020 The Case-Shiller report showed a 3.9% increase in home prices annually in January. Bill Banfield, Quicken Loans Executive Vice President of Capital Markets, offers the following insight on the report. March 20, 2020 - Market Update: Existing Home Sales Surge in February February's Existing Home Sales report showed a 6.5% increase in home sales, to a seasonally adjusted rate of 5.77 million. Bill Banfield, Quicken Loans Executive Vice President of Capital Markets, offers the following insight on the report. March 18, 2020 - Market Update: Housing Starts Dip For Second Time After Huge December February's New Residential Construction report showed a 1.5% decrease in privately-owned housing starts, to an annual rate of 1,599,000 units. Bill Banfield, Quicken Loans Executive Vice President of Capital Markets, offers the following insight on the report. February 25, 2020 - Market Update: Home Prices Rose in December The Case-Shiller report showed a 3.8% increase in home prices from December 2018 to December 2019. Bill Banfield, Quicken Loans Executive Vice President of Capital Markets, offers the following insight on the report. February 21, 2020 - Market Update: Existing Home Sales Dip in January Existing Home Sales report showed a 1.3% dip in home sales, to a seasonally adjusted rate of 5.46 million. Bill Banfield, Quicken Loans Executive Vice President of Capital Markets, offers the following insight on the report. February 19, 2020 - Market Update: Housing Starts Decrease Monthly but Huge Year-Over-Year Gains The Housing Starts report showed a 5.9% monthly decrease in new single-family home construction, to an annual rate of 1,010,000 units. Year-over-year privately-owned housing starts, however, showed an insane 21.4% rise. January 28, 2020 - Market Update: Home Prices Rise in November The Case-Shiller report showed a 3.2% rise in home prices in November from the previous month and a 3.5% increase from last November. Bill Banfield, Quicken Loans Executive Vice President of Capital Markets, offers the following insight on the report. January 22, 2020 - Market Update: Existing Home Sales Increase in December Existing Home Sales report showed a 3.6% increase in home sales, to a seasonally adjusted rate of 5.54 million. Bill Banfield, Quicken Loans Executive Vice President of Capital Markets, offers the following insight on the report. January 17, 2020 - Market Update: Housing Starts Spike in December This morning’s Housing Starts report showed a 11.2% rise in new home construction, to an annual rate of 1,050,000 units. Bill Banfield, Quicken Loans Executive Vice President of Capital Markets, offers the following insight on the report. 2019 December 31, 2019 - Market Update: Home Prices Continue to Increase in October The Case-Shiller report showed a 0.10% rise in home prices in September from the previous month and a 3.3% increase from last October. Bill Banfield, Quicken Loans Executive Vice President of Capital Markets, offers the following insight on the report. December 17, 2019 - Market Update: Housing Starts Increased in November This morning’s Housing Starts report showed a 2.4% rise in new home construction, to an annual rate of 938,000 units. Bill Banfield, Quicken Loans Executive Vice President of Capital Markets, offers the following insight on the report. November 26, 2019 - Market Update: Home Prices Increased in September The Case-Shiller report showed a 1.9% rise in home prices in September. Bill Banfield, Quicken Loans Executive Vice President of Capital Markets, offers the following insight on the report. November 21, 2019 - Market Update: Existing Home Sales Rose in October Existing Home Sales report showed a 1.9% rise/fall in home sales, to a seasonally adjusted rate of 5.46 million. Bill Banfield, Quicken Loans Executive Vice President of Capital Markets, offers the following insight on the report. November 19, 2019 - Market Update: Home Construction Continues Climbing Bill Banfield, Quicken Loans Executive Vice President of Capital Markets, offers the following insight on the report. 2018 June 20, 2018 - Market Update: Existing Home Sales Down Again in May The Existing Homes Sales Report showed home sales decreased 0.4% in May. Quicken Loans Executive Vice President Bill Banfield offers the following comment on the report. May 24, 2018 - Market Update: Existing Home Sales Fall in April Existing Homes Sales Report showed home sales dropped 2.5% percent in April, to a seasonally adjusted rate of 5.460 million. Quicken Loans Executive Vice President Bill Banfield offers the following comment on the report. May 16, 2018 - Market Update: Housing Starts Drop 3.7%, Building Permits Down 1.8% Housing Starts report showed that new home construction dropped 3.7 percent. Quicken Loans Executive Vice President of Capital Markets, Bill Banfield, offers comment. January 25, 2018 - Market Update: New Home Sales Fell In December The New Home Sales Report showed that home sales fell 9.3 percent in December, to a seasonally-adjusted rate of 625,000 units – 55,000 below economists’ estimate. Quicken Loans Executive Vice President Bill Banfield offers the following comments on the report 2017 December 20, 2017 - Market Update: Existing Home Sales Jump to 11-year high Existing Homes Sales Report showed home sales surged 5.6 percent in November, to a seasonally adjusted rate of 5.81 million. Quicken Loans Executive Vice President Bill Banfield offers the following comment on the report. November 27, 2017 - Market Update: New Home Sales Continue to Climb New home sales rose 6.2% in October to a seasonally-adjusted rate of 685,000 units. Quicken Loans Executive Vice President of Capital Markets, Bill Banfield offers comment. November 17, 2017 - Market Update: Housing Starts Climb to Highest Level in a Year Housing starts in October rose 13.7 percent to a seasonally adjusted annual rate of 1.29 million units. Quicken Loans Executive Vice President of Capital Markets, Bill Banfield offers comment. October 25, 2017 - Market Update: New Home Sales Surge to 10-year High New Home Sales rose 18.9% in September. Quicken Loans Executive Vice President Bill Banfield offers comments. September 19, 2017 - Market Update: Housing Starts Steady in August Housing starts slipped 0.8 percent to a seasonally adjusted annual rate of 1.18 million units. Bill Banfield offers comments on the report. August 24, 2017 - Market Update: Existing Home Sales Drop 1.3% in July Existing Homes Sales Report showed home sales fell 1.3 percent in July, to a seasonally adjusted rate of 5.44 million. August 16, 2017 - Market Update: Housing Starts fall 4.8% in July Housing starts fell 4.8 percent to a seasonally adjusted annual rate of 1.16 million units. Quicken Loans Executive Vice President of Capital Markets, Bill Banfield offers comments. July 19, 2017 - Market Update: Housing Starts Rebound in June Housing starts jumped 8.3 percent to a seasonally adjusted annual rate of 1.22 million units. Quicken Loans Bill Banfield offers comments June 16, 2017 - Market Update: Housing Starts fall again in May Housing starts fell 5.5 percent to a seasonally adjusted annual rate of 1.092 million units. Bill Banfield offers comments on the report. May 30, 2017 - Market Update: Home Prices Continued to Climb in March This morning’s Case-Shiller Index, reflecting home price changes in March, reported that home prices increased 5.8 percent year-over-year. Bill Banfield, Quicken Loans Executive Vice President of Capital Markets, offers the following comments on the report: May 24, 2017 - Market Update: Existing Home Sales Slip in April Existing Home Sales Report showed home resales fell 2.3% in April, to a seasonally adjusted annual rate of 5.57 million. Bill Banfield offers comments. May 16, 2017 - Market Update: Housing Starts slow down in April Housing starts fell 2.6 percent to a seasonally adjusted annual rate of 1.17 million units. Bill Banfield offers comments on the report. March 28, 2017 - Market Update: Home Prices Continued to Rise in January This morning’s Case-Shiller Home Price Index for January reported that home prices increased 5.9 percent year-over-year. March 23, 2017 - Market Update: New home sales rise 6.1 percent in February The New Home Sales Report showed that home sales rose 6.1% in February, to a seasonally-adjusted annual rate of 592,000 units. Quicken Loans VP, Bill Banfield, offers comments. March 22, 2017 - Market Update: Existing Homes Sales Slip in February The Existing Home Sales Report showed home resales fell 3.7% in February, to a seasonally adjusted annual rate of 5.48 million. Quickens Loans VP, Bill Banfield, offers comments. February 16, 2017 - Market Update: Housing Starts beat expectations in January Quicken Loans Vice President Bill Banfield offers comments on today's housing starts report. January 31, 2017 - Market Update: Home Prices Continued to Rise in November This morning’s Case-Shiller Home Price Index for November reported that home prices increased 5.6 percent year-over-year. Quicken Loans vice president Bill Banfield offers the following comments on the report: January 19, 2017 - Market Update: Housing starts rebound in December Housing starts increased in December as they started making up ground from the previous month’s drop, Quicken Loans Vice President Bill Banfield offers comments. 2016 December 21, 2016 - Market Update: Existing home sales rise 0.7 percent in November The Existing Home Sales Report showed home resales increased 0.7% in November, to a seasonally adjusted annual rate of 5.61 million. Quicken Loans vice president Bill Banfield offers comments. December 16, 2016 - Market Update: Housing starts tumble 18.7 percent Housing starts fell 18.7 percent in November to a seasonally adjusted rate of 1.09 million units. November 29, 2016 - Market Update: Home Prices Rise to Record Levels This morning’s Case-Shiller Home Price Index for September reported that home prices increased 5.5 percent year-over-year. Quicken Loans vice president Bill Banfield offers the following comments on the report. November 17, 2016 - Market Update: Housing starts leap 25.5 percent in October Housing starts surged 25.5 percent in October to a seasonally adjusted rate of 1.32 million units. Quicken Loans Vice President Bill Banfield offers comments. October 20, 2016 - Market Update: Existing home sales rise 3.2 percent in September The Existing Home Sales Report showed home resales increased 3.2% in September, to a seasonally adjusted annual rate of 5.47 million. Quicken Loans vice president Bill Banfield offers the following comments on the report: October 19, 2016 - Market Update: Housing starts decrease 9 percent for September Housing starts dropped 9 percent in September to a seasonally adjusted rate of 1.05 million units. Quicken Loans Vice President Bill Banfield offers the following comments on the report. September 27, 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: September 26, 2016 - 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: September 20, 2016 - 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. August 30, 2016 - Market Update: Home prices increase 5.1 percent year-over-year This morning’s Case Shiller Home Price Index for June reported that home prices increased 5.1 percent year-over-year, and rose 0.8% from the previous month in the 20-city index. Quicken Loans vice president Bill Banfield offers the following comments on the report: August 24, 2016 - Market Update: Existing home sales decline 3.2 percent in July The Existing Home Sales Report showed home resales decreased 3.2% in July, falling 1.6% from the previous July. Quicken Loans vice president Bill Banfield offers the following comments on the report: August 23, 2016 - Market Update: New Home Sales Jump, Provide Boost for Housing Market This morning’s New Home Sales report for July showed that sales of newly built homes increased 12.4 percent since June, and rose 31.3 percent year-over-year. Quicken Loans vice president Bill Banfield offers the following comments on the report: July 26, 2016 - Home prices increase 5% year over year in May Home prices rose 5 percent in the 12 months ended in May, according to the Case-Shiller Home Price Index. Quicken Loans Vice President Bill Banfield offers the following comments on the report. July 21, 2016 - Market Update: Existing Home Sales Increased 1.1% in June Existing Home Sales Report showed home resales increased 1.1% in June and rose 3% year-over-year, the strongest gain in nine years. Quicken Loans vice president Bill Banfield comments on the report. July 19, 2016 - Market Update: Housing Starts Surge in June Housing starts rose 4.8 percent in June to a seasonally adjusted rate of 1.189 million units. Quicken Loans Vice President Bill Banfield offers comments. June 28, 2016 - Market update: Home prices rise 5.4% year-over-year Case-Shiller Home Price Index for April reports that home prices rose 5.4% year-over-year in the 20-city index. Bill Banfield comments on the report. June 23, 2016 - Market update: New home sales fall 6% in May This morning’s New Home Sales Report for May reported sales of newly built homes dipped 6 percent from the level in April, but rose 8.7 percent since May 2015. Quicken Loans vice president Bill Banfield offers the following comments on the report. June 22, 2016 - Market update: Existing home sales rise at fastest pace since 2007 Existing home sales rose 1.8 percent, the highest level in nine years. Quicken Loans Vice President Bill Banfield offers his comments on the report. June 17, 2016 - Market Update: Housing Starts Dip in May Housing starts slightly fell 0.3 percent in May to a seasonally adjusted rate of 1.116 million units. Quicken Loans Vice President Bill Banfield offers comments. May 31, 2016 - Market Update: Home prices rose 5.4% since last year This morning’s Case-Shiller Home Price Index for March reported that home prices increased 5.4 percent year-over-year, and rose 0.9% from the previous month in the 20-city index. May 24, 2016 - Market update: New home sales leap forward in April This morning’s U.S. Census Bureau report showed that new home sales in April jumped 16.6% to a seasonally-adjusted annual rate of 619,000 units. Quicken Loans vice president Bill Banfield offers the following comments on the report: May 20, 2016 - Market update: Existing home sales rise for second straight month The existing home sales report showed a 1.7% increase in April. Quicken Loans Vice President Bill Banfield offers comments: May 17, 2016 - Market update: Housing starts rise 6.6% in April Housing starts rose 6.6 percent in April to a seasonally adjusted rate of 1.172 million units. April 25, 2016 - Market Update: New home sales fall 1.5% in March This morning’s U.S. Census Bureau report showed that new home sales in March fell 1.5% to a seasonally-adjusted annual rate of 511,000 units. Quicken Loans vice president Bill Banfield offers the following comments on the report. April 20, 2016 - Market Update: Existing home sales soar in March The existing home sales report showed a 5.1% increase in March. Quicken Loans Vice President Bill Banfield offers comments: April 19, 2016 - Market Update: Housing Starts Drop 8.8% in March Housing starts in March dropped 8.8 percent to an annual rate of 1.09 million units (SAAR). March 29, 2016 - Market Update: Home Prices Continue Strong Increases This morning’s Case-Shiller Home Price Index for January reported that home prices rose 5.7 percent year-over-year, and was unchanged from the previous month in the 20-city index. March 23, 2016 - Market update: February new home sales rise 2% New home sales rose 2% in February, to a seasonally-adjusted rate of 512,000 units. March 21, 2016 - Market update: Existing home sales decline 7.1% in February February's existing home sales report showed a 7.1% decline in February. March 16, 2016 - Market Update: Housing Starts Rise 5.2% in February Housing starts in February rose 5.2 percent to an annual rate of 1.178 million units (SAAR). February 24, 2016 - Market Update: New Home Sales Drop in January New home sales in January fell 9.2% to a seasonally-adjusted annual rate of 494,000 units. Quicken Loans vice president Bill Banfield offers comments on the report. February 23, 2016 - Market Update: Home prices rose 5.7% year-over-year This morning’s Case-Shiller Home Price Index for December reported that home prices rose 5.7 percent year-over-year, and was unchanged from the previous month in the 20-city index. Quicken Loans vice president Bill Banfield offers the following comments on the report: February 17, 2016 - Market Update: Housing Starts Cool in January Housing starts in January declined 3.8 percent to an annual rate of 1.099 million units (SAAR). January 28, 2016 - Market update: Existing home sales jump 14.7% in December The National Association of Realtors reported that sales of previously owned homes jumped 14.7 percent in December. January 27, 2016 - Market Update: New Home Sales jumped 10.8% in December This morning’s U.S. Census Bureau report showed that new home sales in December jumped 10.8%. January 26, 2016 - Market Update: Home Prices Rise 5.8% Annually in November This morning’s Case-Shiller Home Price Index for November reported that home prices rose 5.8 percent year-over-year, and rose 0.1 percent month-over-month in the 20-city index. Quicken Loans vice president Bill Banfield offers the following comments on the report: January 20, 2016 - Market Update: Housing Starts Dip in December The Census Bureau report showed that housing starts in December declined 2.5 percent to an annual rate of 1.15 million units (SAAR). Quicken Loans Vice President Bill Banfield offers comments. 2015 December 29, 2015 - Market Update: Home Prices Continue to Rise in October This morning’s Case-Shiller Home Price Index for October reported that home prices rose 5.5 percent year-over-year, and rose 0.8 percent month-over-month in the 20-city index. Quicken Loans vice president Bill Banfield offers the following comments on the report: December 16, 2015 - Market Update: Housing Starts Rebound in November November's housing starts report showed a 10.5 percent rise in new home construction nationally. Permits for single-family homes rose 1.1 percent. November 18, 2015 - Market Update: Housing Starts Fall 11% in October October's housing starts report showed an 11 percent drop in new home construction nationally. Permits for single family construction rose 2.4% in October. October 27, 2015 - Market Update: Home Prices Rise in August This morning’s Case-Shiller Home Price Index for July reported that home prices rose 5.1 percent year-over-year, and rose 0.4 percent month-over-month in the 20-city index. Quicken Loans vice president Bill Banfield offers the following comments on the report: October 26, 2015 - Market Update: New Home Sales fall 11.5% Today’s U.S. Census Bureau report showed that new home sales in September fell 11.5% to a seasonally-adjusted annual rate of 468,000. Quicken Loans vice president Bill Banfield offers comments on the report. October 20, 2015 - Market update: U.S. housing starts rise 6.5% in September Quicken Loans Vice President Bill Banfield offers comments on the rise of housing starts in September. September 29, 2015 - Market Update: Home Prices continue to rise This morning’s Case-Shiller Home Price Index for July reported that home prices rose 4.7 percent month-over-month in the 20-city index. Quicken Loans vice president Bill Banfield offers the following comments on the report. September 21, 2015 - Sales of Existing Homes fall 4.8% This morning’s Existing Homes Sales report for August showed that home sales fell 4.8 percent since the previous month, but rose 5.4 percent since August 2014. Quicken Loans vice president Bill Banfield offers the following comments on the report: September 17, 2015 - Market update: U.S. housing starts fall 3% in August Drop is a small hiccup in overall housing market momentum. August 25, 2015 - Market Update: Home Prices rise 5% since 2014. This morning’s Case-Shiller Home Price Index for June reported that home prices rose 5 percent year-over-year, and rose 1 percent month-over-month in the 20-city index. Quicken Loans vice president Bill Banfield offers the following comments on the report: August 20, 2015 - Market update: Existing home sales climb 2% in July The pace of existing home sales climbed to their highest levels since 2007, rising 2% in July. August 18, 2015 - Market Update: Housing Start rise in July Today’s housing starts report showed a 0.2 percent increase in new home construction nationally, rising to an anualized rate of 1.21 million - the highest in almost eight years. Starts in single family housing also increased 12.8 percent in July. Quicken Loans Vice President Bill Banfield offers the following comments on the report: July 28, 2015 - Market Update: Home prices rise 4.9% since last year This morning’s Case-Shiller Home Price Index for May reported that home prices rose 4.9 percent year-over-year, and rose 0.2 percent month-over-month in the 20-city index. Quicken Loans vice president Bill Banfield offers the following comments on the report... July 24, 2015 - Market Update: New home sales fall 6.8% in June Today's U.S. Census Bureau report showed that new home sales in June fell 6.8% to a seasonally-adjusted annual rate of 482,000. July 22, 2015 - Market update: U.S. existing home sales are heating up U.S. home resales rose in June to the highest level in 8-1/2 years. July 17, 2015 - Market update: U.S. Housing Starts Rise in June U.S. housing starts rose 9.8 percent in June, with starts on single-family homes easing slightly. June 23, 2015 - Market update: New home sales rise 2.2% Today's U.S. Census Bureau report showed that new home sales in May rose 2.2% to a seasonally-adjusted annual rate of 546,000, the fastest pace in more than seven years. June 22, 2015 - Market update: Existing home sales rise 5.1% in May NAR reported that existing home sales increased 5.1 percent in May, putting this year on track for be the best year for home sales since 2007. Quicken Loans Vice President Bill Banfield offers the following comments on the report. June 16, 2015 - Market Update: Housing Starts Fall 11.1% in May Today’s housing starts report showed an 11.1% drop in new home construction nationally. Permits for single family construction also rose 2.6% in March. Quicken Loans Vice President Bill Banfield offers the following comments on the report... May 26, 2015 - Market update: Case-Shiller shows monthly home prices up 0.9% in March This morning’s Case-Shiller Home Price Index for March reported that home prices rose 5 percent year-over-year, and rose 0.9 percent month-over-month in the 20-city index. Quicken Loans vice president Bill Banfield offers his comments on the report. May 21, 2015 - Market update: existing home sales drop 3.3% in April This morning’s National Association of Realtors (NAR) report showed that existing home sales in April dropped 3.3% to a seasonally-adjusted rate of 5.04 million. Quicken Loans vice president Bill Banfield offers the following comments on the report: May 19, 2015 - Market update: New construction up 20.2% in April U.S. housing starts jumped 20.2 percent in April to a seasonally adjusted rate of 1.14 million. Quicken Loans Vice President Bill Banfield offers the following comments on the report. April 28, 2015 - Market update: Case-Shiller shows monthly home prices up 0.5% in February U.S. home prices rose 0.5 percent in February, according to the S&P/Case-Shiller index. Quicken Loans Vice President Bill Banfield offers the following comments on the report. April 23, 2015 - Market update: New home sales drop 11.4% The U.S. Census Bureau report for March showed that new home sales in March dropped 11.4 % to a seasonally-adjusted annual rate of 481,000. Quicken Loans vice president Bill Banfield offers the following comments on the report: April 22, 2015 - Market update: Existing home sales rise 6.1% U.S. existing sales hit an 18-month high in March, rising 6.1 percent from the month prior. Quicken Loans Vice President Bill Banfield offers the following comments on the report. April 16, 2015 - Housing Starts increase 2% in March This morning’s housing starts report showed a 2 percent increase in new home construction nationally, with new construction raising 114 percent in the Northeast and 31 percent in the Midwest. March 31, 2015 - Market update: January home prices show year over year increase of 4.6% U.S. home prices continued to rise at a steady rate, showing a 4.6% increase in January compared with 12 months earlier. Quicken Loans Vice President Bill Banfield offers the following comments on the report. March 23, 2015 - Market update: Existing home sales rise 1.2 percent in February U.S. home resales fell short of expectations in February, rising 1.2 percent. Quicken Loans Vice President Bill Banfield offers the following comments on the report. March 17, 2015 - Market Update: Housing starts decrease 17% in February This morning’s Census Bureau report showed that housing starts in February fell 17% to an annual rate of 897,000 million units (SAAR). Quicken Loans Vice President Bill Banfield offers the following comments on the report. February 24, 2015 - Market Update: Home prices show increase in December Case-Shiller Report This morning’s Case-Shiller Home Price Index for December reported that home prices rose 4.5 percent year-over-year, and rose 0.1 percent month-over-month in the 20-city index. Quicken Loans vice president Bill Banfield offers the following comments on the report. February 23, 2015 - Market update: Existing home sales drop 4.9% in January January’s existing home sales fell 4.9 percent in January. Quicken Loans Vice President Bill Banfield offers the following comments on the report. February 18, 2015 - Market Update: Housing starts decrease 2% in January This morning’s Census Bureau report showed that housing starts in January decreased 2 percent to an annual rate of 1.07 million units. Quicken Loans Vice President Bill Banfield offers the following comment on the report. January 27, 2015 - Market Update: Home prices continue yearly gains According to the Case-Shiller 20-City Home Price Index for November, home prices fell 0.2 percent month-over-month, but rose 4.3 percent year-over-year. Quicken Loans Vice President Bill Banfield offers the following comments on the report: “Home prices continue to show modest&hellip January 21, 2015 - Market Update: Housing starts rise 4.4% in December This morning’s housing starts report showed a 4.4 percent increase in new home construction and permits for single-family homes rose 4.5 percent. Quicken Loans Vice President Bill Banfield offers the following comment on the report. “2014 ended on a high&hellip 2014 December 30, 2014 - Market Update: Home Prices Continue to Cool in October This morning’s Case-Shiller Home Price Index for October reported that home prices dropped 0.1 percent month-over-month, and rose 4.6 percent year-over-year. Quicken Loans vice president Bill Banfield offers his comments on the report. December 23, 2014 - Market update: New home sales fall 1.6% in November Quicken Loans VP of Capital Markets Bill Banfield comments on Tuesday's new home sales report. December 22, 2014 - Market update: November’s existing home sales fell 6.1% Quicken Loans vice president comments on November's existing home sales. December 16, 2014 - Housing starts fall 1.6% in November This morning’s housing starts report showed a 1.6 percent decrease in new home construction and permits for single-family homes fell 1.2 percent. Quicken Loans Vice President Bill Banfield offers the following comment on the report. “The November Housing Starts were&hellip November 26, 2014 - Market update: New home sales rise 0.7% in October Quicken Loans VP Bill Banfield comments on Commerce Department report. November 25, 2014 - Market update: Home prices increase 4.9% in September from the year prior Quicken Loans vice president comments on September's Case-Shiller report. November 20, 2014 - Market Update: Exisiting Home Sales make their first yearly increase of 2014 “Home resales saw an unexpected rise in October. The current growth in home sales along with the jump in housing starts indicates that the housing market isn’t freezing over quite yet. Home prices making slow increases, hand-in-hand with interest rates at generational lows, leads to an excellent opportunity to buy a home.” November 19, 2014 - Housing starts fall 2.8% in October This morning housing starts showed a 2.8 percent decrease in new home construction and permits for single-family home construction rose 4.2 percent, the highest since November 2013. Quicken Loans Chief Economist Bob Walters offers the following comment on the report:&hellip October 28, 2014 - Market Update: Case Shiller Home Price Index shows Prices Continue to Rise in August “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.” October 21, 2014 - Market update: existing home sales climb 2.4% in September Quicken Loans vice president comments on existing home sales. October 17, 2014 - Market Update: Housing starts rise 6.3% in September 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&hellip October 15, 2014 - Market update: mortgage applications jump 5.6 percent Quicken Loans vice president comments on the MBA mortgage application numbers. October 8, 2014 - Market Update: Mortgage applications rise on rate drop The Mortgage Bankers Association’s index of mortgage applications increased by 3.8 percent on a seasonally adjusted basis last week, with refinances rising 5 percent and purchase applications also increasing 2.4 percent. Quicken Loans vice president Bill Banfield offers the following comments on the report: September 30, 2014 - Market Update: Home Prices Increase 0.2% in July This morning’s Case-Shiller House Price Index for July reported that home prices rose 0.2 percent month-over-month on a seasonally adjusted basis, and rose 6.7 percent year-over-year. Quicken Loans vice president Bill Banfield offers his comments on the report September 24, 2014 - August’s new home sales jump 18%, hitting six-year high Quicken Loans vice president comments on August's new home sales report. September 22, 2014 - Market Update: Existing Home Sales drop 1.8% in August The National Association of Realtors’ existing home sales report fell 1.8 percent, however all-cash home purchases by investors also fell to 12 percent of homes in August, down from 16 percent in July and 17 percent in August 2013. Quicken Loans vice president Bill Banfield offers the following comments on the report: September 18, 2014 - Market Update: Housing starts fall 14.4% in August “Rather than signaling a downfall in the housing industry, a deeper look suggests that single family starts are relatively stable and growing year over year. The stability of home construction is buoyed by the strong homebuilder sentiment numbers and may suggest a continuation of the improvements we’ve seen in housing.” September 3, 2014 - Market update: mortgage applications fall 0.2 percent Quicken Loans vice president comments on the weekly mortgage application survey. August 26, 2014 - Market update: home prices fall 0.2 percent in June’s Case-Shiller report June’s Case-Shiller report showed a decline of 0.2 percent in home prices. Quicken Loans Vice President Bill Banfield offers the following comments on the report. “The gains in home prices are starting to slow but remain directionally positive. Other housing&hellip August 25, 2014 - July New Home Sales Fall, Home Inventory Rises This morning’s new home sales report fell 2.4 percent, however home inventory has increased 4.1 percent to 205,000 units, the highest since August 2010. Quicken Loans vice president Bill Banfield offers the following comments on the report: “After strong housing&hellip August 21, 2014 - Market update: July’s existing home sales climb 2.4 percent Quicken Loans vice president comments on July's existing home sales report. August 20, 2014 - Market update: mortgage applications increase 1.4 percent Quicken Loans vice president comments on the MBA mortgage application survey. August 19, 2014 - Market Update: Housing Starts Show Large Growth “July’s spike in new construction and the increase in permits is the shot in the arm that the housing industry was looking for. Now that construction is more in line with homebuilder confidence, the end of the lull that has been holding down the market since the beginning of the year may finally be here.” August 6, 2014 - Market Update: Refinances increase 3.8 percent The Mortgage Bankers Association’s seasonally adjusted index of mortgage applications increased by 1.6 percent last week, with refinances rising 3.8 percent on seasonally adjusted basis. Quicken Loans vice president Bill Banfield offers the following comments on the report: “Last week&hellip July 30, 2014 - Market update: Mortgage applications drop 2.2 percent The MBA’s weekly mortgage application survey reported a 2.2 percent drop in overall activity, with a 0.2 percent increase in purchase applications. Quicken Loans Vice President Bill Banfield offers the following comments on the report. “Despite mortgage backed security issuance&hellip July 29, 2014 - Market Update: Home Price Gains Slow Today’s Case-Shiller report showed a 1.1% monthly increase in home prices and a 9.3% increase over May 2013’s numbers. Quicken Loans vice president Bill Banfield offers the following comments on the report: “Home price gains have been tapping the brakes,&hellip July 22, 2014 - Market Update: June Existing Home Sales Show Improvement The National Association of Realtors’ existing home sales reports showed that home resales increased 2.6 percent from May to June 2014. However, the level of home sales were 4.3 percent lower than the previous June. Quicken Loans Vice President Bill&hellip July 17, 2014 - Market Update: June Housing Starts Dive Today’s housing starts report showed a 9.3% fall in new home construction. Quicken Loans Vice President Bill Banfield offers the following comments on the report: “The drop in June’s housing starts is disappointing but largely regionalized. With single-family home builder&hellip July 16, 2014 - Market Update: Mortgage applications drop 3.6 percent Mortgage applications decreased by 3.6 percent last week on a seasonally adjusted basis. Quicken Loans vice president Bill Banfield offers the following comments on the report: “While we try not to put too much focus on week-to-week fluctuations, it can&hellip June 25, 2014 - Market Update: Another Dip in the MBA Weekly Mortgage Applications Survey Quicken Loans vice president Bill Banfield gives his comments on the dip in mortgage applications June 24, 2014 - Market update: May’s Case-Shiller report rises 0.19% The Case-Shiller House Price Index for May reported that home prices rose 0.19% month-over-month (SA) and 10.8% year-over-year. Quicken Loans Vice President Bill Banfield offers the following comments on the report. “Slow and steady is the reoccurring theme for these&hellip June 23, 2014 - Market update: existing home sales grow 4.9% in May Sales of existing homes grew 4.9% in May to a seasonally adjusted annual rate of 4.89 million, rising for the second month in a row. Quicken Loans Vice President Bill Banfield offers the following comments on the report. “The increase&hellip June 17, 2014 - Market update: housing starts fall 6.5% in May May’s housing starts fell 6.5% in May to a seasonally adjusted annual pace of 1 million units. Quicken Loans Vice President Bill Banfield offers the following comments on the report. “Despite the monthly drop in housing starts, the trend has&hellip June 11, 2014 - Market update: mortgage applications rise 10.3% in MBA’s latest survey U.S. mortgage applications jumped 10.3% overall last week, with purchase applications rising 9.3%. Quicken Loans Vice President Bill Banfield offers the following comments on the report. “The jump in applications shows folks are taking notice of rates near six-month lows.&hellip May 27, 2014 - Market update: March’s Case-Shiller report shows slowing in home price gains Quicken Loans Vice President comments on March's Case-Shiller report. May 22, 2014 - Market update: Existing home sales increase 1.3%, inventory increases Quicken Loans Vice President Bill Banfield comments on existing home sales in April. May 21, 2014 - Market update: Mortgage applications increase 0.9% overall Quicken Loans Vice President comments on the MBA mortgage application survey. May 14, 2014 - Market Update: Mortgage applications rise 3.6% in MBA’s latest survey The MBA’s weekly mortgage application survey showed a 3.6% increase in overall volume from the week prior. Quicken Loans Vice President Bill Banfield offers the following comments on the report. May 7, 2014 - Market update: mortgage applications rise 5.3% in MBA’s latest survey Quicken Loans vice president offers his comments on the latest MBA mortgage application survey. April 30, 2014 - Market Update: Mortgage Applications drop 5.9 percent Quicken Loans vice president offers his comments on last week's drop in mortgage applications April 29, 2014 - Market update: Case-Shiller shows small gain in home prices in February Quicken Loans Vice President Bill Banfield comments on the Case-Shiller home price index. April 23, 2014 - Market update: New home sales show sharp decline in March Quicken Loans Vice President Bill Banfield comments on new home sales. April 22, 2014 - March sees dip in home resales Quicken Loans vice president Bill Banfield gives his comments on March's existing home sales data. April 9, 2014 - Market update: Mortgage applications drop 1.6% in latest MBA survey Purchases continue to rise: Quicken Loans' Bill Banfield gives his take on this week's mortgage applications report. April 2, 2014 - Refinance mortgage applications fall, purchase applications increase Quicken Loans vice president Bill Banfield gives his comments on this week's mortgage applications report, showing another increase in purchase applications March 20, 2014 - Market update: Existing home sales drop 0.4% Quicken Loans Vice President Bill Banfield comments on this month's existing home sales report. March 19, 2014 - Market update: Mortgage applications drop 1.2% in this week’s report Quicken Loans Vice President Bill Banfield comments on the MBA mortgage application survey. March 18, 2014 - Market update: Housing starts fall 0.2% in February Quicken Loans Vice President Bill Banfield comments on February's housing starts report. March 5, 2014 - Market Update: Mortgage Applications rise, driven by rate drop Quicken Loans Vice President Bill Banfield explains what is driving the increase in mortgage applications February 26, 2014 - Market update: new home sales rise 9.6% in January Quicken Loans Vice President Bill Banfield comments on January's new home sales. February 25, 2014 - Market Update: Case-Shiller Home Price Index rises 0.8% month over month Quicken Loans vice president Bill Banfield gives his comments on today’s Case-Shiller report. February 21, 2014 - Market Update: Existing Home Sales Fall in January Existing Home Sales fell by 5.1 percent in January. Quicken Loans' Bill Banfield offers his comments on the report. February 19, 2014 - Market Update: January Housing Starts Dive Quicken Loans Vice President Bill Banfield gives his thoughts on this months Housing Starts Report, which shows a 16% fall in new home construction. February 12, 2014 - Market update: Mortgage applications decrease in MBA’s latest weekly survey Quicken Loans Vice President Bill Banfield comments on the weekly MBA mortgage application survey. February 5, 2014 - Market update: Mortgage applications rise slightly in this week’s report Quicken Loans vice president Bill Banfield gives his comments on this week's mortgage applications survey. January 29, 2014 - Market Update: mortgage applications relatively flat, purchases see slight gain Quicken Loans vice president Bill Banfield gives his comments on this week's mortgage applications survey. January 28, 2014 - Market update: Case-Shiller report shows first dip in prices in nine months Quicken Loans vice president Bill Banfield gives his comments on today's Case-Shiller report. January 23, 2014 - Market update: existing home sales rise 1% in December Quicken Loans vice president Bill Banfield gives his comments on today's existing sales report. January 15, 2014 - Market update: mortgage applications jump 12% in latest MBA survey Quicken Loans vice president Bill Banfield gives his comments on today's mortgage applications report. 2013 December 31, 2013 - Market Update: December’s Case-Shiller Report Continues Growth Quicken Loans vice president Bill Banfield gives his thoughts on December's Case Shiller Report December 24, 2013 - Market Update: November new home sales fall slightly Quicken Loans vice president Bill Banfield comments on November's new home sales report. December 19, 2013 - Market Update: November’s existing home sales slump 4.3% Quicken Loans Vice President Bill Banfield offers his comments on the report. December 11, 2013 - Mortgage applications rise 1% in latest MBA survey Quicken Loans Economist Bill Banfield gives his comments on today's mortgage applications report. December 4, 2013 - Purchase and refinance applications slip in this week’s report Quicken Loans vice president Bill Banfield comments on the MBA's report that showed mortgage applications dropped for the fifth week in a row. November 26, 2013 - Market Update: Home Prices show strong annual gains in September Home prices continue strong gains. Quicken Loans vice president comments on November's S&P Case-Shiller report November 20, 2013 - Mortgage applications fall overall, but purchase applications rise in this week’s report Quicken Loans Economist Bill Banfield gives his comments on today's mortgage applications report. November 6, 2013 - Market Update: Mortgage applications slip in this week’s report Quicken Loans Economist Bill Banfield gives his comments on today's mortgage applications report. October 30, 2013 - Market Update: Mortgage applications show weekly growth Quicken Loans Economist Bill Banfield gives his comments on the increases in mortgage applications October 29, 2013 - Market Update: August home prices continue gains, but at a slower monthly pace. Quicken Loans economist gives his comments on October's Case Shiller report. October 23, 2013 - Mortgage activity largely unchanged from previous week Mortgage application activity remained largely unchanged last week. Quicken Loans economist Bill Banfield comments... October 21, 2013 - Market Update: September existing home sales report showed a slight drop of 1.9% Economist Bill Banfield gives his comments on September's existing home sales. September 25, 2013 - Market Update: August new home sales recovered from a dip in July Chief Economist Bob Walters gives his comments on the rise in new home sales. September 24, 2013 - Market Update: Home prices continue strong annual gains, slower monthly gains Quicken Loans Director of Capital Markets Bill Banfield offers his comments on September's Case-Shiller report September 19, 2013 - Market Update: Existing Home Sales Rise 1.7% to 6 1/2 Year High Existing home sales hit a 6 1/2 year high in August according to today's NAR report. Quicken Loans Chief Economist comments... September 18, 2013 - Market Update: Housing Starts Rise 0.9% Housing starts rise 0.9% in August. Quicken Loans Chief Economist Bob Walters discusses today's report. August 27, 2013 - Market Update: Home Prices rise by more than 12% since June 2012 Quicken Loans Chief Economist gives his comments on June's rise in home prices August 23, 2013 - Market Update: New home sales down 13.4% Quicken Loans Chief Economist Bob Walters discusses August's new home sales report that showed sales of new homes down by 13.4% in July. August 21, 2013 - Existing home sales rise 6.5% to 5.39 millions units in July Quicken Loans Chief Economist Bob Walters discusses today's NAR report that showed existing home sales rose to 5.39 million units in July. August 16, 2013 - Market Update: Housing starts up 5.9% Quicken Loans Chief Economist Bob Walters comments on this morning's report of a 5.9% rise in housing starts in July. July 30, 2013 - Market Update: Home Prices rise by more than 12% since May 2012 Quicken Loans Director of Capital Markets gives his comments on May's rise in home prices July 24, 2013 - Market Update: New home sales up 8.3% Quicken Loans Chief Economist Bob Walters discusses July's new home sales report that showed home sales up 8.3% in June. July 22, 2013 - Market Update: Existing home sales drop 1.2% Quicken Loans Chief Economist Bob Walters discusses today's NAR report that showed existing home sales fell 1.2% in June. July 17, 2013 - Market Update: Housing starts drop nearly 10% in June Quicken Chief Economist Bob Walters gives his comments on June's housing starts report. June 25, 2013 - Market Update: Home prices show annual gain of 12% in April Quicken Loans Chief Economist Bob Walters comments on April's Case-Shiller report June 20, 2013 - Market Update: Existing home sales up 4.2% in May Quicken Loans Chief Economist Bob Walters discusses today's NAR survey that showed sales of previously owned homes rose by 4.2% in May. June 18, 2013 - Market Update: Housing starts rise 6.8% in May Quicken Loans Chief Economist Bob Walters comments on this morning's report of a 6.8% rise in housing starts in May. June 5, 2013 - Market Update: Mortgage applications dropped 11% last week Quicken Loans Chief Economist Bob Walters discusses today's MBA survey that showed a drop in mortgage applications last week. May 29, 2013 - Market Update: Mortgage applications dropped 9% last week Quicken Loans Chief Economist Bob Walters discusses today's MBA survey that showed a drop in mortgage applications last week. May 28, 2013 - Market Update: Case-Shiller report shows a 10.2% rise in home prices Quicken Loans Chief Economist Bob Walters discusses today's Case-Shiller report that showed home prices seeing the best annual gain in nearly seven years. May 23, 2013 - Market Update: New Home Sales Rise 2.3% in April Quicken Loans Chief Economist Bob Walters discusses today's new home sales report that showed sales of newly constructed homes rose by 2.3% in April. May 22, 2013 - Market Update: Existing Home Sales Rise 0.6% in April Quicken Loans Chief Economist Bob Walters discusses today's NAR survey that showed sales of previously owned homes rose by 0.6% in April. May 15, 2013 - Market Update: Mortgage applications drop by 7.3% Quicken Loans Chief Economist Bob Walters discusses today's MBA survey that showed a drop in mortgage applications last week. May 8, 2013 - Market Update: Refinances increase by 8% Quicken Loans Chief Economist Bob Walters discusses today's MBA survey that was dominated by a jump in refinance activity April 30, 2013 - Market Update: Case-Shiller: Home Prices Rise 9.3% Quicken Loans Chief Economist Bob Walters dissects today's Case-Shiller report that showed home prices rose 9.3% in February from the previous year. April 24, 2013 - Market Update: Mortgage applications rise by .2% Quicken Loans Chief Economist Bob Walters discusses today's MBA survey that showed mortgage applications rose by .2% last week. April 23, 2013 - Market Update: New home sales rise by 1.5% in March Quicken Loans Chief Economist Bob Walters discusses today's rise in new home sales numbers. April 22, 2013 - Market Update: Existing home sales dip in March Quicken Loans Chief Economist Bob Walters discusses today's drop in existing home sales numbers. April 17, 2013 - Market Update: Mortgage applications rise as refinance volume remains strong Quicken Loans Chief Economist Bob Walters discusses today's MBA survey that showed mortgage applications rose by 5% last week. April 16, 2013 - Market Update: Housing Starts report indicates highest rate of new construction in nearly five years Quicken Loans chief economist Bob Walters gives his comments on the strong housing starts report. April 10, 2013 - Market Update: Refinances drive growth in mortgage applications Quicken Loans Chief Economist Bob Walters discusses today's MBA data that showed mortgage applications rose by 4.5%, driven by refinance activity. April 3, 2013 - Market Update: Mortgage applications fall despite rise in purchase demand Quicken Loans Chief Economist Bob Walters discusses today's MBA data that showed mortgage applications fell by 4% despite a rise in purchase demand. March 27, 2013 - Market Update: Bob Walters comments on rebound of mortgage applications Quicken Loans Chief Economist Bob Walters discusses this morning's MBA data that showed mortgage applications rose by 7.7% last week. March 20, 2013 - Market Update: U.S. mortgage applications fell for a second week Quicken Loans Chief Economist Bob Walters gives his comments on lower mortgage application numbers March 13, 2013 - Market Update: U.S. mortgage applications fell 4.3% last week Quicken Loans Chief Economist Bob Walters discusses this morning's MBA data that showed mortgage applications fell by 4.3% last week. March 6, 2013 - Market Update: Mortgage Applications See Strong Growth Quicken Loans Chief Economist Bob Walters discusses this morning's MBA data that showed mortgage applications rose sharply last week. February 27, 2013 - Market Update: Mortgage applications drop for third week in a row Quicken Loans Chief Economist Bob Walters discusses this morning's MBA data that showed mortgage applications dropped for the third straight week. February 20, 2013 - Market Update: U.S. Mortgage Applications Fall 1.7% Quicken Loans Chief Economist Bob Walters discusses the drop in mortgage applications for the second straight week. February 13, 2013 - Market Update: U.S. Mortgage Applications Fall 6.4% Quicken Loans Chief Economist Bob Walters comments on the Mortgage Bankers Association report that mortgage applications fell by more than 6 percent.