"Mr Bubble" has chimed in with his brand of wishful thinking about the housing market...
But, the supposed "rise" in mortgage applications was more likely due to HOMEOWNERS doing "refi's" to pay credit card debt...
Or, to drain "bubble level" equity out of their homes BEFORE the appraisal values are "updated" at the banks!
THE REAL ESTATE CRASH REMAINS A "WORK IN PROGRESS"...
