We’ve been reporting for a while that many sectors of the housing market seem to have fully recovered, and almost all are doing well. However, the recovery in mortgage applications through Q1 seems to have stalled. Brena Swanson for Housing Wire gives a nice little summary on the current thinking, providing a completely understandable, short analysis of three reports: a new Capital Economics report, the latest Fannie Mae housing survey, and last week’s Mortgage Bankers Association’s survey.
