In what Quicken Loans economist Bob Walters called a sign of a healing housing market, the Mortgage Bankers Association reports that mortgage applications jumped 14.8 percent  last week. Read more from HousingWire.

“Mortgage applications rebounded after three weeks of declines. With low housing inventories, home prices are seeing a modest boost and are spending less time on the market,” Walters told HousingWire.

In other news:

Help for Underwater Homes – Wall Street Journal

Commercial demand for real estate growing locally – Bloomington Pantagraph