"Nearly 40% of all mortgages processed in March were for investors – which proves just how much investors are currently driving the market."
should remove refinancing as it doesn't cause any buy demand. then it works out 2/3 of new mortgages are to investors. its been like that since about 99
you can see whats going to happen when the investors go.
end of the line for the speculative mania, page-11
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