Mortgage Lending Hits A 17-Year Low. Why Only Clinically Insane Or Financially Retarded Would Buy A House Now

We have already reported that mortgage origination/lending have collapsed to the tune of 25-30% quarter over quarter (Wells Fargo Mortgage Origination Collapses). The chart above is a clear indication of what is going on in the real estate market and what is to come. We have argued the same points for a quite a while now. First, most of the gains associated with the real estate market have been driven by investor/speculative buying. Blackstone owning 43,000 properties is a clear indication of that. With mortgage origination collapsing, the top is in for this Dead Cat bounce in real estate. We are heading much lower. Need more information? Read this comprehensive report. Real Estate Collapse 2.0. Why, How & When

Did you enjoy this article? If so, please share our blog with your friends as we try to get traction. Gratitude!!!