To: booyaka who wrote (56831 ) 3/25/2006 3:14:56 PM From: russwinter Respond to Personally I think prices will fall off steadily, but if activity stays high enough initially (say 375-400 purchase index like now) then credit growth will hang in there. The key will be when lenders finally figure out they are financing properties with declining values, and adjust and tighten their lending standards, which will of course fuel the downturn. This kind of data will be illustrative if we can spot it?blogs.ocregister.com Perhaps. Fewer mortgage applications are easily passing the smell test for the home’s value and the quality of the collateral that protects the lender, says HomeSmartReport. Forget the first two months of the year. They're wacky. It's now prime shopping season. And the first peek -- fresh stats from DataQuick -- shows if the current trends hold, March will be be the fifth straight month of year-over-year sales declines and the worst one-year drop since October 2004. For 22 business days ended March 15 :
