This is a "good new/bad news" story. According to a CNBC article weekly mortgage applications to purchase a home (different than to refinance) fell one percent last week and have fallen for the last three weeks. That is the bad news. The good news is they are still seven percent higher annually.
Prices have been softening and interest rates are lower than a year ago but that doesn't seem to be drawing out new buyers. It may be that prices are still a bit high to get them off the sidelines. To read more click here.
Bathroom Layouts Do Matter
