Purchase apps are at 2009 level: where’s the inventory?
Housing Wire
MAY 26, 2022
People were filing for foreclosures and bankruptcy for years, and then, after all that, the job loss recession happened in 2008. People forget when rates rose to 5% in 2018, it delayed housing construction from really growing for 30 months. You don’t want to overcomplicate this topic. Credit stress was evident from 2005 to 2008.
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