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Online Home Shopping Surges Mortgages Tank

Monday Morning Cup of Coffee takes a look at stories across the HousingWire news desk, with more coverage to come on bigger issues. 

The Quicken Loans Billion Dollar Bracket with Yahoo Sportsdid not last long as America tunes in Monday night to watch the Connecticut Huskies play the Kentucky Wildcats. 

Despite two major upsets busting majority of the brackets, there is still $2 million in guaranteed prize money up for grabs, with $100,000 going to the 20 best “imperfect” brackets in the contest. 

“While we won’t be creating America’s next billionaire, we are excited that 20 people will still receive a life-changing check for $100,000.  That’s still a heck of a payday for filling out a bracket,” Jay Farner, president and chief marketing officer of Quicken Loans, said. 

Online home shopping hit new records in March, with Zillow (Z) traffic rising by almost 7 million since the start of the year, an article from GeekWire reported. 

In March, the Seattle based company soared to nearly 77 million unique users, an increase from 66 million in February, and a drastic jump from 50 million for the same period a year prior.Read more here…

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