• Metro East REIA

Mortgage Applications Falls to Lowest Level in 22 Years

The Wall Street Journal is reporting (reposted on that mortgage applications fell to their lowest level in 22 years during the first week of June. They say this is another sign that the U.S. housing market is “coming back to Earth” after a red-hot, two-year stretch. Continue reading HERE...

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The U.S. government is reporting that privately‐owned housing starts in September were at a seasonally adjusted annual rate of 1,439,000, which is 8.1% lower than August’s revised number and 7.7% lowe