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Why Mortgage Purchase Applications Are Near An All Time Low When Adjusted To Pop
invite response
2015 Sep 24, 7:26pm 27,387 views 106 comments
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_
2015 Oct 23, 12:17pm
Here is a take from the Wall Street Journal on the missing 2.9 million from the peak of the housing bubble on ages 25-55 ( Prime Working Age Labor Force)
Why are more 25 to 55-year-olds out of the labor force? Mostly disability and school: http://on.wsj.com/1LLo3Ie
indigenous
2015 Oct 23, 12:22pm
They have been talking about 10 million more on disability for some time. Thx O
_
2015 Oct 26, 11:41am
They have been talking about 10 million more on disability for some time.
Disability payouts more for renting demand curve economics, ....
Home buyers tend to be college educated dual income or strong single income Americans, which for all the reasons mentioned in the article, just isn't that strong in this cycle
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http://loganmohtashami.com/2015/09/24/why-mortgage-purchase-applications-are-near-an-all-time-low-when-adjusted-to-population/
As always economics has a equilibrium factor model to it. Each cycle is unique to it's own capacity, when you look at demographic economics from 1996 -2007
It explains a lot why the demand curve is soft from 2007-2019.
You can't just make up buyers, the supply had to be there and in this cycle it wasn't even a question.
#housing