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Realistbear

New Mortgage Activity Hits 13 Year Low In U S

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http://finance.yahoo.com/news/Homebuying-applications-sink-rb-2380121310.html;_ylt=AmHTOQbRYKnkn_5k1S6rJkG7YWsA;_ylu=X3oDMTE1cWtiNmhuBHBvcwM1BHNlYwN0b3BTdG9yaWVzBHNsawNob21lLWJ1eWluZ2E-?x=0&sec=topStories&pos=3&asset=&ccode=

Home-buying applications sink to 13-year low
On Wednesday July 14, 2010, 7:01 am EDT
By Lynn Adler
NEW YORK (Reuters) - Demand for loans to purchase U.S. homes sunk to a
13-year low last week
, and refinancing demand also slid despite near record-low mortgage rates, the Mortgage Bankers Association said on Wednesday.

After a brief recovery houses are going down hard again. As housing drives the economy how can there be a recovery when the market is saying otherwise?

Lagging effect of the HPC. Its begun again here but it may take 6 months to show up in the broader economy.

IMO the BoE news that credit is tightening again will prove to be a catalyst and mix in the fact that there is no job growth (only more in part time work) and our bloated housing market must collapse.

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Aren't all these terrible US housing figures due to the end of housing stimulus measures?

If so we need to leave it a good few months to settle down before celebrating

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  • 149 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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