The Housing Bubble?

New data out today reveals that in the past month activity in home sales and mortgage applications has actually increased.

After the ups and downs of 2006, housing sales are now (seasonally adjusted) at the same annual rate they were in early 2004. Astute investors may remember that back in 2004 we were eagerly anticipating the popping of the housing bubble.

Timothy Burger
timothyb(at)timothyburger.com