Expect purchase application data to be negative in 2H 2021
Housing Wire
MARCH 1, 2021
Logan Mohtashami HousingWire Lead Analyst. When economic data that is typically sticky has a waterfall dive followed by a quick parabolic recovery, forecasting a trend can be tricky. The MBA purchase application data changed during our year of COVID-19. In a typical, non-pandemic year, the bulk of the volume of purchase applications occurs in the heat months for housing, those being the second week of January to the first week of May.
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