Nine year low: Fewer people borrowing to buy homes

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NOVEMBER 12, 2009

This isn't good news: Mortgage applications at lowest levels since 2000.

On the other hand, with cash purchases making up about a third of Tampa Bay home purchases, this might not be as troubling from our perspective.

Is this going to be like Cash for Clunkers? Remember how car sales in July and August cannibalized car sales in September and October?

Posted by James Thorner at 1:01:12 pm on November 12, 2009 in

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