Quotations
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David Lereah Quotes
«There are still lean inventories in a lot of the hot markets and that's why I have a lot of confidence that these balloons won't burst. They're balloons, not bubbles.»
Author: David Lereah
«Some of the cooling is coming from non-boom markets such as Detroit, where there are job problems. I do worry about those markets if the economy continues to slow, though we do expect the economy to pick up in the first quarter.»
Author: David Lereah
«This is part of the market adjustment we've been discussing, with a soft landing in sight for the housing sector. The level of home sales activity is now at a sustainable level, and is likely to pick up a bit in the months ahead. Overall fundamentals remain solid.»
Author: David Lereah
«We don't need to break a record every year for the housing market to be good. In fact, cooling sales are necessary for the long-term health of this vital sector.»
Author: David Lereah
«So, 2005, when we look back, was the best year in housing in recent memory, probably of all time.»
Author: David Lereah
«We got to 6.6 sooner than I expected. I hadn't expected that for two or three months.»
Author: David Lereah
«A lot of demand has been met over the last five years, and a modest rise in mortgage interest rates is causing some market cooling.»
Author: David Lereah
«Right now, home sales are a little lower than projected, but they can be sustained around current levels.»
Author: David Lereah
«Although home sales have eased, the tremendous momentum in price appreciation was sustained in the fourth quarter because tight inventories still favored sellers.»
Author: David Lereah
«Mortgage interest rates were at the highest level since the third quarter of 2003. At the same time, we've seen strong double-digit appreciation in home prices, so a modest slowing from record sales was to be expected. The good news is that home sales are being sustained at historically high levels.»
Author: David Lereah