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:

“Home sales may have dipped below July’s high mark, but sales have still made healthy increases since August of last year – clearly showing housing is still on the rise despite the monthly fluctuations.”

If you would like to speak to Bill about this or any other topic, please contact us.