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Posts Tagged ‘ Purchase Applications ’
Did The NAR Lie About August Pending Home Sales?
Data released today by the Mortgage Bankers Ass. suggest that housing demand is again cratering. In the last week of September mortgage purchase applications were down about 12% versus the same week last year. This is similar to the difference at the end of August, when the drop was about 13%. Chart and data-...
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Housing Indicators Show Lower Seasonal Peak
Two housing market indicators released over the last two days suggest that the market is making a seasonal peak at a weaker level than last year, but that the rate of decline is slowing. Mortgage purchase applications have been slipping in June following a small decline in the week ended June 17. They remain...
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How To Fall From Near Zero- Slowly – Professional Edition
Mortgage applications remained moribund this week after a counter trend move in most of October and November. The data shows no sign of a reversal of the downtrend in purchase applications. New homes sales data released by the Commerce Department today shows builder sales at new record lows. The housing industry remains in a...
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Housing Starts Suggest Inventory Build- Professional Edition
Mortgage applications turned lower this week after a counter trend move in most of October and November. The data shows no sign of a reversal of the downtrend in purchase applications. December homebuilder survey data released today also shows no movement off rock bottom levels. Likewise for November housing starts, although the media, as...
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Housing Starts Suggest Inventory Build- Professional Edition
Mortgage applications turned lower this week after a counter trend move in most of October and November. The data shows no sign of a reversal of the downtrend in purchase applications. December homebuilder survey data released today also shows no movem...
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Cracked Economic Reports Not as Cracked Up To Be
Two key economic reports out today require closer scrutiny. Their positive readings may not be all that they appear to be on the surface. Both the MBAA’s Mortgage Applications Index and the weekly unemployment claims were reported as positives this morning. But just how good were they?
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What Up With That?
So there was this big jump in mortgage purchase applications today. I thought to myself, “Hmmmm, I wonder how many will make it to closing. And I wonder what triggered the pop.” Pop is relative of course. Yeah, it was a 9% jump from last week, but the level is still 35% below last...
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No Jobs, No House Sales – Professional Edition
The total number of employed persons remained near the lowest levels since 2005, and the total number of mortgage purchase applications stayed near the lowest levels in 14 years, this week. Click here to download complete report in pdf format (Professional Edition Subscribers). Try the Professional Edition risk free for thirty days. If, within...
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Best They Can Do?
Originally published by email . Use the form in the right sidebar to receive the free Wall Street Examiner Economic Bulletin emails. I update this chart of mortgage applications weekly in the Wall Street Examiner Professional Edition Fed Report. It is based on data published by the Mortgage Wankers Association each week. The more...
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Sour Housing Notes
The following is an excerpt from the Professional Edition Fed Report of December 23. It was also made available to Wall Street Examiner Economic Bulletins, a free email service, on December 24. You can subscribe via the form in the left sidebar. The Mortgage Bankers Association’s Mortgage Applications index announced Wednesday did a belly...
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The Bad, The Ugly, and The Uglier- Professional Edition Fed Report
Tax receipts collapsed at an annual rate of 18% in October, which is far worse than I had feared based on our tracking of the daily data. At the same time, mortgage purchase applications collapsed last week, signaling the tailspin we expected as the first time home suckers panic subsided. The extension of this...
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Housing Market Update- Part One- Professional Edition
Due to the enormity of collecting and reporting all the data at one time, I’m trying something different this month. I will be posting the real estate update in sections as each is complete. We’ll start today with an update of the mortgage applications. That will be followed by a report in the demand...
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