Today's Hugely Bullish Housing Datapoint

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Another housing green shoot?According to the Mortgage Banks Association, mortgage applications surged 23.1% in the week ending January 13. That compares to 4.5% in the week before.

This is a really bouncy number. Sometimes it goes down a lot, sometimes not.

But as we noted in late December, this number (which had been grinding downwards week after week) had stabilised, and now it’s growing. Definitely a positive.

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