Existing home sales

Expect purchase application data to be negative in 2H 2021 

Before COVID-19 hit last year, purchase application data was trending at 10% growth year over year. Suppose we accept that our current year-over-year growth is at a healthy 14.83%. In that case, we can still expect many weeks of negative year-over-year growth during the second half of 2021 because we compare this period to the period of parabolic growth of 2020. HW+ Premium Content