Even as the Macroeconomic Environment Improves, Mortgage Application Activity for Home Purchase Remains in Decline and Home Sales Have Generally Underperformed As Well.

The biggest economic news in the US over the past month was the final estimate of GDP growth for the first quarter of 2014, which had real GDP contracting by 2.9 percent, a much larger decline than the 1.0 percent rate of contraction previously…
By: Barry Fagan