The Real Deal Miami

Real estate news, distilled down to 45 seconds

October 28, 2009 01:47PM

In today’s Realty Check, CNBC’s Diana Olick covered the drop in new home sales, the homebuyer tax credit extension plan’s roadblock in the senate, and the three-week drop in the rate of mortgage applications. Olick said that decline in refinancings may have spurred the overall decline in demand for mortgages.