Straight Talk & Tech Tips for Online Real Estate Marketing

The Signal of a Housing Recovery?

05/07/08 | Kathy Drewien | Category: Mortgages

Projected over the next handful of months, the housing market may be positioning for a strong national recovery, according to Dan Green's Mortgage Reports Blog.

Dan's post examines the Federal Reserve quarterly survey of 84 U.S. banks demand for loan product and general banking conditions.

It's like "street reporting"; a pulse of what's really happening behind retail bank walls. Almost always, it paints a different picture of lending from what's being reported on the news.

When mortgage demand spikes like this, we have to at least consider that consumers may be submitting mortgage applications to multiple banks at the same time but the more likely answer is that we're moving into a favorable real estate market.

Jump to the full post: For Truth in Housing You Have to Know Where to Look

Read Comments

Posted by Chris Shouse on 05.07.08 7:14 pm

I am looking forward to the end of this crazy era and the crazy era of 2005. Wall Street Journal had an article today
It said we are on our way back up but we won’t see the price increases for 15 years.