By Lynn Effinger | HousingWire
It is only January and already reports are appearing that 2016 is going to be a wonderful year for housing. Don’t believe everything you read.
For example, in an article in HousingWire, “Proof the housing market can survive a Fed interest rate hike,” the author, Brena Swanson, quotes Mathew Pointon, property economist with Capital Economics, as saying that the precipitous drop in mortgage applications this week (by nearly 28%) is not due to the Fed raising interest rates.
