Monthly Archives: February 2006

Lereah changes metaphor – Real estate is now a ship, not a balloon

Posted on February 1, 2006 by grim

Chief NAR Economist David Lereah has adopted a new metaphor for the housing market. The real estate market has morphed from a balloon, his prior metaphor, into a large ship. I suppose the balloon metaphor was too similar to the … Continue reading →

Posted in General | 42 Comments

Mortgage Applications Resume Decline

Posted on February 1, 2006 by grim

MBA: Mortgage applications decrease U.S. mortgage applications fell for the first time in four weeks due to a decline in home purchase loans, as interest rates increased for the first time since November, an industry trade group said Wednesday. The … Continue reading →

Posted in General | 9 Comments