The Residential Real Estate Post-Crash Index-Moderated Message Board

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Strategies & Market Trends : The Residential Real Estate Post-Crash Index-Moderated

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To: patron_anejo_por_favor who wrote (12666)	3/18/2011 2:02:39 PM
From: Broken_Clock	Read Replies (1) of 119360

Breaking News: Housing Starts, Mortgage Apps Nose Dive March 17, 2011 · Leave a Comment Breaking Real Estate News: * Housing starts nose dive by 22%. That is the second lowest housing starts report ever. This should be absolutely no surprise to anyone. As long as REOs (and Short Sales) are priced more competitively new construction will continue to drag. * Mortgage Applications Decline. Perhaps more troubling new purchase apps for mortgages and re-fis surprisingly drop. Why is this a surprise? We are entering into what should be the ‘spring selling season’. Fewer apps for new mortgages means…fewer buyers interesting in buying.

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