Why purchase application data is below 2008 levels
Housing Wire
NOVEMBER 9, 2022
This time around, we have not seen the kind of housing credit boom that we did from 2002-2005. Since the end of June, we have seen that the home seller called it quits earlier this year than usual, and now the new listing data is negative year to date. New listing data is down 5% year to date, as you can imagine.
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