02.07.2009 - US real estate markets in deep trouble
From Indiadaily.com: Mortgage applications in the U.S. is falling very fast signaling deep trouble in US real estate markets. The Mortgage Bankers Association's index of applications to purchase a home or refinance a loan dropped close to 20 percent to 445 in the last week of june from 548 the prior week. The group's refinancing gauge declined 30 percent, while the index of purchases fell 4.5 percent..........Full Article: Source