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Existing Home Sales Rise 2.4% In July, Back to 2001 Levels (LeBron James Effect Over For Midwest)

August 21, 2014 Posted by | Uncategorized | Leave a comment

Housing Starts Rise … To 1993 Levels, Single Unit Starts DOWN 1% While Multifamily Starts UP 43.61%

August 19, 2014 Posted by | Uncategorized | Leave a comment

Death Valley: Mortgage Purchase Applications Drop 1.56% From Previous Week, Down 16% From Last Year (No Recovery)

August 6, 2014 Posted by | Uncategorized | Leave a comment

Dog Days of Summer: Mortgage Purchase Applications Flat, But Down 69% Since May 2005 (Real Average Hourly Wage Growth YoY Is Now Negative)

July 23, 2014 Posted by | Uncategorized | Leave a comment

Rigor Mortgage: Mortgage Purchase Applications Drop 17% From Previous Week (And Down 9.8% YoY)

Market likely to stay under 1 trillion for 2014.

July 9, 2014 Posted by | Uncategorized | Leave a comment

Housing 2014 Mid-Year Update: The Rich Have Their Cake And Eat It Too

Logan Mohtashami

Logan Mohtashami, Benzinga Contributor

As the housing selling season winds down with the end of spring and the beginning of the summer months, it is a good time to get informed perspective of housing demand for the year. This can be gleaned from three major metrics; mortgage purchase applications,  existing home sales and new home sales, year over year (YoY).

Six months of data for the first indicator, mortgage purchase applications, shows applications significantly down compared to the same period last year.

1. Mortgage purchase applications are down -16% YoY.

(All charts from Professor Anthony Sanders)
http://confoundedinterest.wordpress.com/2014/07/02/still-dead-mortgage-purchase-applications-decline-16-yoy-refinancing-applications-up-0-1/
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Mortgage demand has been soft since interest rates rose in May of 2013. Even though we saw the typical seasonal pick up on total volume for the first half of the year, year over year purchase applications have been down double digits.

Because the interest rate spike that started in May of 2013 lead to a larger…

View original post 805 more words

July 9, 2014 Posted by | Uncategorized | Leave a comment

Misconceptions About Fannie Mae and Freddie Mac (What They Do and What They Don’t Do)

July 7, 2014 Posted by | Uncategorized | Leave a comment

Still Dead: Mortgage Purchase Applications Decline 16% YoY, Refinancing Applications Up 0.1%

July 2, 2014 Posted by | Uncategorized | Leave a comment

Death Valley Days: Mortgage Purchase Applications Fall Again, Down 18% Since Last Year

June 25, 2014 Posted by | Uncategorized | Leave a comment

Recovery? MBA Forecasts U.S. Home Sales Seen Dropping For First Time in Four Years

June 20, 2014 Posted by | Uncategorized | Leave a comment

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