Positive News

Apparently, the sky is not falling. Inman news reports real estate purchases picked up last week. From the article:

Overall mortgage applications inched up 0.8 percent last week on a seasonally adjusted basis from the week before, ending a three-week slide, according to the Mortgage Bankers Association's latest survey.

Remember, these are seasonally adjusted numbers, which means they take into account the natural increase in sales that we see each year as we move out of winter towards spring.