Quote (Feb. 7)

“We’re beginning to see an increase in the level of activity. And that’s in our data in terms of mortgage applications. It’s in pending home sales from the realtors. And it’s in builder sentiment from the homebuilders. So everything pointing in the same direction– January a little bit better than that extraordinarily slow fourth quarter from last year.”
–MBA Chief Economist Mike Fratantoni, appearing on Yahoo! Finance Feb. 2.