2009-11-18 — bloomberg.com
"Mortgage applications for purchases in the U.S. fell last week to the lowest level in 12 years, indicating the housing market is facing a hurdle with unemployment at a 26-year high."
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ronia1 at 22:54 2009-11-19 said:
That would be 1997 folks. Not recalling that as a lousy year, but 12 years is rather hard to believe. That means the application data was even lower than post 9/11, when NO ONE bought ANYTHING until the "Big 3" started giving vehicles away to get the proverbial wheel rolling again. Permalinkadd a comment | go to forum thread
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