JUST IN: Mortgage demand is now down 50% from pre-pandemic levels and at its lowest level since 1994.
— The Kobeissi Letter (@KobeissiLetter) November 4, 2023
From its peak in 2021, mortgage demand is down ~64%.
Current mortgage demand is ~75% below the 2005 peak.
The most incredible part of this?
Mortgage rates are still only at… pic.twitter.com/BQF9LrAe5B
In Russia, back to the Middle Ages??
https://www.dailymail.com/news/article-16182289/Russian-hospitals-hundreds-people-quarantine-amid-fatal-pneumonic-plague...