"In terms of implications for the housing market, these data are likely to keep interest rates from falling further at this point, but we expect mortgage rates to drift down over the year as the economy slows.” --MBA Chief Economist Mike Fratantoni, discussing the Bureau of Labor Statistics' report on employment conditions in December.

RealPage Analytics, Richardson, Texas, reported apartment supply jumped to the highest level since 1987 last year, largely due to the influx of construction projects begun a few years ago.