Mortgage applications increased 1.7 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending October 23, 2020.
The Refinance Index increased 3 percent from the previous week and was 80 percent higher than the same week one year ago. The seasonally adjusted Purchase Index increased 0.2 percent from one week earlier. The unadjusted Purchase Index decreased 0.3 percent compared with the previous week and was 24 percent higher than the same week one year ago.
Well, the red line shows the increase in MBA Purchase Applications under President Trump.
On the home price front, Zillow expects the Case-Shiller HPI to increase from 5.3% to 5.7%.
On the down side, REITs such as Washington DC’s own Saul Centers is showing the decline in Funds From Operations (FFO) and share price since the Covid lockdowns began. Saul Centers (previously BF Saul) tanked by over 50%.
Real Capital Analytics Office value index shows the Covid decline.
Speaking of Saul Centers, here is its share price against Milano, Italy HQ’d COIMA RES S.p.A that acquires and manages real estate properties. Its the same all over the world.