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More - John Karevoll Quotes

March is much more predictive of upcoming (home-buying) behavior. - John Karevoll Quotes

March is much more predictive of upcoming (home-buying) behavior.

The ups and downs of default activity are clearly determined by whether prices are going up by 4 percent, or 14 percent or 25 percent annually. If it's worth more, you have more options. - John Karevoll Quotes

The ups and downs of default activity are clearly determined by whether prices are going up by 4 percent, or 14 percent or 25 percent annually. If it's worth more, you have more options.

These numbers include condo conversions and (that) activity increased sharply last year. Since they are lower-cost homes, they pull down the median. - John Karevoll Quotes

These numbers include condo conversions and (that) activity increased sharply last year. Since they are lower-cost homes, they pull down the median.

San Diego is the county that is kind of the furthest off into this uncharted statistical territory, so everybody's wondering what is going to happen locally. The big question there is will prices decline significantly or will they flatten out. - John Karevoll Quotes

San Diego is the county that is kind of the furthest off into this uncharted statistical territory, so everybody's wondering what is going to happen locally. The big question there is will prices decline significantly or will they flatten out.

It's part of a broader trend. Nationwide there are markets that have a ways to go, especially in the Midwest. But we're much closer to the end of the cycle than the peak. Now we're watching how it plays out -- whether it's going to smash into a wall or just level off for a while. - John Karevoll Quotes

It's part of a broader trend. Nationwide there are markets that have a ways to go, especially in the Midwest. But we're much closer to the end of the cycle than the peak. Now we're watching how it plays out -- whether it's going to smash into a wall or just level off for a while.

It's clearly a market mix issue. Expensive homes are not selling as fast as inexpensive homes. - John Karevoll Quotes

It's clearly a market mix issue. Expensive homes are not selling as fast as inexpensive homes.

The million-dollar cycle hasn't completely played itself out in the more affordable areas, which include the Inland Empire. There is more to happen there. - John Karevoll Quotes

The million-dollar cycle hasn't completely played itself out in the more affordable areas, which include the Inland Empire. There is more to happen there.

I think we are in a fairly normal market here. The market we are comparing to a year ago was an abnormal market. - John Karevoll Quotes

I think we are in a fairly normal market here. The market we are comparing to a year ago was an abnormal market.

It appears that today's market is probably as close to what we would call normal as we've had in a long time. - John Karevoll Quotes

It appears that today's market is probably as close to what we would call normal as we've had in a long time.

I don't think they're less cautious. But they've just understood that they can sell more. There's just continued strong demand for homes, and the builders are trying to build homes that will sell. - John Karevoll Quotes

I don't think they're less cautious. But they've just understood that they can sell more. There's just continued strong demand for homes, and the builders are trying to build homes that will sell.

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