Mortgage demand is now at its lowest level since 1995 and still falling SHARPLY.
To put this in perspective, mortgage demand in 2005 was ~300% above current levels.
Since 2021, mortgage demand is down a massive 60%.
Meanwhile, existing home sales are down 16% this year, their lowest since 2010.
No one wants to sell and no one wants to buy.
Truly historic times.
Caption this Meme
