Mortgage Applications Tank: Worst To Come?
Happy days are here again! America is in recovery! Buy! Buy! Buy! All of the signs seemingly point tYou must Subscribe or log in to read the rest of this content.
Happy days are here again! America is in recovery! Buy! Buy! Buy! All of the signs seemingly point tYou must Subscribe or log in to read the rest of this content.
11 comments
Yup, interest rates started rising this year, so it is going to have a pretty big effect on mortgages, at least for now. I wonder if that’s going to keep through 2014, though.
I’m glad I got my mortgage done before this year, that’s for sure.
You must be delusional. I saw the Charleston Realtors Association said that everything is peaches and roses in the LowCountry and we should buy, buy BUY!.
Sic Willie only follows the market in the screen door to Hell, aka Richland/Lexington.
Then you can buy some Wind Insurance and then you can buy some Flood Insurance along with the regular Homeowners Insurance and then you can buy some insurance riders, did I leave any out?
It costs money to live in paradise.
Fewer people taking on housing debt. Shouldn’t that be a good thing, from your perspective?
There’s been talk of another bubble in Europe. And, the newest Nobel economist, Robert Shiller, says Brazil is in one while they think it’s the sign of being a big boy economy.
Slow and steady is good where the housing market is concerned.
For 50 years before the crash, housing appreciated an average of 3% a year. But, the Libertarian Alan Greenspan thought 100% was normal as we built to the crash.
sorry but that chart doesn’t jive with actual events over the last decade. something is very wrong.
True. Change the dates in this chart and compare it to the Bloomberg chart above: http://research.stlouisfed.org/fred2/graph/?s%5B1%5D%5Bid%5D=HSN1F
Something’s up.
If anyone does not see what is coming, too bad. It will be so bad once interest rates rise while the Federal Reserve owns your mortgage, you may wish you were serving a 50 year sentence in a state prison. So be it. Even if you rent, the apartment complex has a mortgage, and the Fed owns that too. We call them “sheeple” those that see no further than three feet in front of their nose.
Young people are on the sidelines because they are unemployed or underemployed. Babyboomers are paying cash. It is about demographics and economics. Listening to Will analyze real estate is about as useful as listening to a real estate agent analyze politics.