Why purchase application data is below 2008 levels
Housing Wire
NOVEMBER 9, 2022
Purchase application data is now below 2008 levels! But I need to explain why this level has more in common with 2014 housing data than the credit stress markets of 2005-2008, and why you should care. Right on cue, 2020 came and we hit the 300 level. However, the housing market did run into one problem in 2020.
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