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.


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