Housing Market Roaring Back

Published by Christopher Schwarz on

As predicted last week, mortgage applications for home purchases are now UP year-over-year according to the latest MBA Purchase Index data.

MBA Mortgage Purchase Index, year-over-year change

There was a brief drop in March to as low as -40%, but the index recovered quickly.

The question now is if there will be enough supply for these buyers and if not, will that cause a spike in prices.