Monday, May 5, 2014
NOT EVERYONE IS BUYING
Market guru says home builders over cooked, young people aren't buying and shares set for pullback in prices.
http/://blogs.marketwatch.com/thetell/2014/05/05/jeffrey-gundlach-shorts-home-builders-as-young-buyers-shun-mortgages/
Meanwhile, mortgage origination applications took big hit in 1Q from one year ago for same period at 10 largest banks. Can't blame it all on frigid winter.
http://m.thefiscaltimes.com/fiscaltimes/#!/entry/housing-slowdown-hits-large-banks,5367eed5025312186c02072f
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