NEW YORK (TheStreet) -- While there have been some mixed signs in the housing market, TheStreet's Jim Cramer explains to Debra Borchardt that there's one data point that tells the whole story.Home prices are up, and Toll Brothers ( TOL) said it's selling houses at the high end of the range. But Cramer said that as long as mortgage applications continue to trend lower, so will housing. He added that the homebuilders have been too optimistic and that a glut of housing inventory could be beginning to form. Falling mortgage applications is a sign that consumers aren't buying housing and feel that they've missed the boat on lower rates. Cramer went on to say that while mortgage rates are still low historically, the violent rise over the past four months has pushed a lot of consumers to the sidelines. Although housing has been the fuel for a recovering economy, he said a whole new group of stocks could lead the way from here, Specifically, those with international exposure should do well, especially with Europe in recovery mode. Action Alerts PLUS, which Cramer co-manages as a charitable trust, has no positions in the stocks mentioned.