Quotations
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David Lereah Quotes
«You want to make sure homes are affordable; when they start to increase at lofty rates, you start to worry about affordability, ... But certainly, right now, the fundamentals are so good in housing that if we have a drop-off in price gains, it's still going to be at healthy levels.»
Author: David Lereah
«We knew the September pace for existing-home sales was going to be a big number, but after setting records in July and August we thought the pace might start to slow, ... This underscores the powerful fundamentals that are driving the housing market -- household growth, low interest rates and an improving economy.»
Author: David Lereah
«Although mortgage interest rates have risen in the last month, housing affordability conditions remain favorable,»
Author: David Lereah
«[As for California,] appreciation there is still healthy, ... Realtors there say that there is still very little supply of homes for sale.»
Author: David Lereah
«Just when you think sales activity is ready to settle into a more sustainable pace, the housing market continues to surprise, ... We've been expecting sales to remain at historically high levels, but this performance underscores the value of housing as an investment and the importance of homeownership in fulfilling the American dream.»
Author: David Lereah
«When the Fed raised rates again to 4 percent, the market had already discounted that, ... But over the next month, the markets will start expecting the Fed to raise rates again to 4.25 percent and that's going to push rates again.»
Author: David Lereah
«Many of our hot housing markets are transitioning from a sellers' market to a buyers' market.»
Author: David Lereah
«[The Realtors' association characterized the sales drop as a healthy cooling of a heated market.] Housing activity has peaked and is coming down a bit, ... and we expect further cooling in the coming months.»
Author: David Lereah
«The housing sector has likely passed its peak ... and the boom is winding down to an expansion, ... Many of our hot housing markets are transitioning from a sellers' market to a buyers' market.»
Author: David Lereah
«People can get overexcited. That should go away.»
Author: David Lereah