Tuesday, September 20, 2005

The Stars Align

Snip...

["All the stars are aligned [for a fizzling down of the housing market] but we've had many times in the past [that] this had happened, so we'll have to see real confirmation in the data," Shapiro says.

Mortgage applications, he says, will continue to provide real-time readings of demand.

In the week ended Sept. 9, the Mortgage Bankers Association said applications for new-home loans and refinancing fell 1.4%, after rising 6.8% the previous week, as long-term rates rose.]

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