@WSJ Because banks refuse to lend & sit on their piles of money. When interest rates rise, banks will be out courting potential mortgagors.
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@WSJ Banks are the "economic terrorists" of our time along with insurance companies & security brokers, holding up economic recovery.
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@WSJ Meanwhile, foreclosures in California have started increasing again.@cringetalk -
@VictorB123 6o min doing special on co. Springs market booming and multiple bids. -
@bettybeachum200 How many of the buyers are Chinese speculators? -
@VictorB123 don't know. Looks like regular homebuyers. -
@bettybeachum200 Ok. Out here in California the Chinese are buying everything in sight. Paying cash, too. No mortgages.
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@WSJ:#Mortgage#Lending plunges, declines to the lowest level in 14 years: http://on.wsj.com/1ii3s3g pic.twitter.com/5d1jGyqC17”
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@WSJ bad signal for european market?Thanks. Twitter will use this to make your timeline better. UndoUndo
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@WSJ There is No Way that this can be spun as a Good Thing. Watch the recessionary death spiral. Real estate investment has a dim future.Thanks. Twitter will use this to make your timeline better. UndoUndo
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@WSJ Real Estate Market "deadmen and women walking....."Thanks. Twitter will use this to make your timeline better. UndoUndo
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@WSJ Demand for home loans plunged. Mortgage lending lowest level in 14 years: http://on.wsj.com/1ii3s3g pic.twitter.com/mssBXKmX2v#WhatRecovery
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