Mortgage application defects keep rising

Mortgage application defects keep rising

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The Ticker

Questions remain about sustainability of housing recovery

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The numbers have looked rosy before, only to see the market stall in the haphazard economic recovery. Back in December 2009, the Minneapolis Area Association of Realtors looked at local data and saw signs the market was on "recovery road." It was premature.

Some fear the latest national numbers are deceiving, that the growth may be due to banks buying and selling foreclosed properties, writes the Minnesota Public Radio News.

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