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The Signs of a Soft Real Estate Housing Market

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The housing market has softened much more than is being reported.

Mortgage Bankers Association (MBA) Data: The MBA seasonally adjusted purchase application index, which is a measure of the number of people filling out loan applications to buy a home, is down 18 percent from its peak in September 2005. With presumably more applications being filled out by borrowers who now have to shop around for a loan, how could sales have fallen by less than 18 percent?

Hipotecas Prestamos May 14, 2007 06:37 AM