Wednesday, June 15, 2011
As the chart above shows, new applications for mortgages have increased about 14% in the past year. This is an encouraging sign that suggests new buyers are coming into the market as banks liquidate their housing inventories. Another encouraging (though still very preliminary) sign is the rise in housing prices since January, according to the folks at Radar Logic (chart below).
Posted by Scott Grannis at 9:50 AM