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News Link • Housing

Fresh Signs That Housing Is Already Double Dipping

“Mortgage applications to purchase a home began to sink. Now, four weeks later, mortgage purchase applications are down nearly 40 percent from a month ago to their lowest level since April of 1997. Yes, you can argue that a larger-than normal share of buyers today are all cash, but those are largely investors. That means real organic buyers are exiting in droves.”

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