This morning’s existing home sales report showed a slight dip of 0.2 percent in March. Quicken Loans vice president Bill Banfield offers the following comments on the report:

“Spring home buying season is yet to bloom. Home resales made a slight dip last month, still feeling the impact of the rough winter. Although the low sales number may be worrying, we will see sales grow as inventory begins to meet buyer demand.”

If you would like to talk to someone at Quicken Loans about today’s report or anything in the mortgage market, please contact us.