The lagged data from the worst housing indicator in the world, Case Shiller, came out this week, following last week’s release of existing home sales closings in December. Also out this week, the Commerce Department’s Report on new home sales, and the NAR’s data on sales contracts. The Case Shiller data is still catching up…
Tag Archive for Mortgage Applications
Housing, Liquidity Trader Complete, Professional Edition
Post Governmentus Interruptus, Housing Market Sags- Professional Edition
by Lee Adler • • 2 Comments
The Mortgage Bankers’ Ass. is closed this week, hence there was no release of the Mortgage Applications Index, the best real time housing demand indicator. However, this week we do have the lagged data from the worst housing indicator in the world, Case Shiller, as well as the almost-as-stupid Pending Home Sales Index from the…
Housing, Liquidity Trader Complete, Professional Edition
How To Fall From Near Zero- Slowly – Professional Edition
by Lee Adler • • 0 Comments
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 slow…
Housing, Liquidity Trader Complete, Professional Edition
Housing Starts Suggest Inventory Build- Professional Edition
by Lee Adler • • 0 Comments
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 usual,…
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Housing Starts Suggest Inventory Build- Professional Edition
by a Wall Street Examiner • • 0 Comments
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…
Economics, Housing, Professional Edition
Cracked Economic Reports Not as Cracked Up To Be
by Lee Adler • • 0 Comments
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?
Housing, Liquidity Trader Complete, Professional Edition
Theoretical Seeds of A Housing Bottom- Professional Edition
by Lee Adler • • 0 Comments
Purchase mortgage applications fell back to near their recent lows last week, reversing the surge from the previous week. That was caused by the FHA’s new, tougher requirements on credit scores and down payments. The week before last was the deadline for deadbeats to get in under the old easy money game rules. That blip…
Liquidity Trader Complete, Professional Edition
House Prices Headed for Pre Y2k Levels – Professional Edition
by Lee Adler • • 0 Comments
Total employment, purchase mortgage applications, and median household incomes are at the levels of the late 1990s. What does that say about housing prices? Click here to download complete report in pdf format (Professional Edition Subscribers). Try the Professional Edition risk free for thirty days. If, within that time, you don’t find the information useful,…
Economics, Housing, Liquidity Trader Complete, Professional Edition
Dead In The Water – Professional Edition Housing Update
by Lee Adler • • 0 Comments
This report updates the monthly Zillow housing data, and the weekly unemployment claims and mortgage applications index. The Zillow data for June shows the final effects of the April buying panic as the house purchase tax credit expired. Next month’s data should reflect the subsequent collapse that has been showing up in other indicators. Zillow’s…
Housing, Liquidity Trader Complete, Professional Edition
Bleak Week for Weak Housing – Professional Edition
by Lee Adler • • 1 Comment
The pending home sales data (sales contracts) for June showed a tiny dead cat bounce on the heels of the collapse in May. Sales activity is now below the level of June 2009 and 2008, at the bottom of the market. Real time mortgage applications data continue to prove to be an accurate forecaster of…
