Hitch in the Housing Market Recovery?

BusinessInsider tells MHProNews the chief economist at Gluskin Sheff, David Rosenberg, citing the drop in mortgage applications from a year-over-year rate of 16% in Jan. 2013 to only three percent today—they fell 1.3 percent the week ending April 5– says U. S. housing demand is beginning to slow. He says real estate loans which rose last year following the housing bubble have turned down again. He adds that rising foreclosure starts combined with an apparent slowdown in job growth does not bode well for the housing market.

(Image credit: Fotosearch–question mark houses)

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