Home Prices SURGE As Mortgage Apps CRATER

Home prices shot up over 14% year over year in April, even as mortgage applications are falling. Some might read this as a sign we've reached the top in the housing market, but the only reason mortgage apps are down is because borrowers can no longer compete with the surge in cash buyers who have entered the housing market in search of high single digit annual yields.

https://www.cnbc.com/2021/06/29/home-price-gains-in-april-truly-extraordinary-sp-case-shiller-says.html
https://www.zerohedge.com/personal-finance/mortgage-apps-crash-pre-covid-lows-homebuyer-confidence-collapses