Existing Home Sales and Mortgage Apps Fall Again

The National Association of Realtors reports that total existing home sales – including single-family, townhomes, condominiums and co-ops – decreased 2% in March when compared to the previous month’s sales.

Meanwhile, mortgage application volume continues to fall off weekly.  Over the past couple of weeks, application volume dropped by over 14% according to the Mortgage Bankers Association.

And although existing home sales and mortgage applications continue to show declines, conflicting sentiment seems to indicate that more people are positive about the overall economy than not.  Recent surveys show more American’s feel they still can buy a home than those who feel they cannot.

What’s your feeling now?  We’d love to get your feedback on exactly how you feel (overall) about the current economy.  Use the comment link below to give us your opinion.