Purchase apps have been negative week to week for 3 of the last 4 weeks. Lest we forget, which is why I’m here to remind you, the month of May is historically the second or third strongest month of the year for home sales. If mortgage purchase applications are tanking, home sales are declining. We won’t get to see May’s home sales numbers until next month and I’m sure the new home builder companies have been doing whatever they can to get anyone to sign a new home contract recently, so Friday’s new home sales report may look good on...
invite response
http://investmentresearchdynamics.com/the-housing-market-is-d-o-a/
#housing