Why purchase application data is below 2008 levels
Housing Wire
NOVEMBER 9, 2022
Credit growth in the previous expansion was going to be slow and steady until our household formation data got high enough to get demand higher. The years 2020-2024 were going to be the time when total home sales could finally reach 6.2 I knew housing would be OK as long as home prices only grew at 23% over five years — 4.6%
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