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February Housing Numbers Will Tell More Than January Reports

By Implode-Explode Heavy Industries

"The housing market numbers for January, while revealing, will be less important in getting a picture of the market once February data is released. January numbers in most statistical areas such as mortgages approved, remortgages approved, number of applicants, and other statistics were higher than December figures. Some analysts believe that January numbers may have been a bit inflated due to postponed applications, mortgage approvals, and purchases due to the December Christmas holiday and inclement weather. Meaning that December might have had higher numbers and the difference between January and December would have been less of a gap for some figures."

Full post as published by Mortgage Lender Implode-o-Meter on February 21, 2011 (boomark / email).