Real Estate – A Lesson for You

If I have taught you anything about real estate it's this: Do not to take mortgage data too seriously around 3-day holiday weekends. With regard to this week's data and next week's, I suggest real estate enthusiasts simply ignore the application activity. The Mortgage Bankers Association (MBA) data regularly shows wild swings around holidays because of some imperfections with the seasonal adjustment process. See the real estate report. iShares US Real Estate (NYSE: IYR), SPDR S&P Homebuilders (NYSE: XHB), J.P. Morgan Chase (NYSE: JPM), KB Home (NYSE: KBH), Radian Group (NYSE: RDN).

Please see our disclosures at the Wall Street Greek website and author bio pages found there. This article and website in no way offers or represents financial or investment advice. Information is provided for entertainment purposes only.