REAL ESTATE – Mortgage Activity is NOT Down

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 the last two weeks’ data, 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 my real estate report here. Article interests iShares US Real Estate (NYSE: IYR), SPDR Homebuilders (NYSE: XHB), MGIC Investment (NYSE: MTG), Bank of America (NYSE: BAC), J.P. Morgan Chase (NYSE: JPM), Citigroup (NYSE: C).

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.

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.

Are You Surprised About Real Estate?

Are you surprised real estate is doing well? Readers of this column should not be, as I have been pounding the table this year that 2015 would be a strong one for real estate. The data is proving me right now. Expect more good news as the year progresses and another good year in 2016 as well. See my real estate report. iShares US Real Estate (NYSE: IYR), SPDR S&P Homebuilders (NYSE: XHB), Bank of America (NYSE: BAC), Pultegroup (NYSE: PHM), MGIC Investment (NYSE: MTG).

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.