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The housing market is certainly shifting away from a record-breaking pace. - Lawrence Yun Quotes

The housing market is certainly shifting away from a record-breaking pace.

The market clearly has some legs left. Buyers who were sitting on the fence, hoping mortgage rates would decline, have decided to make the move now. - Lawrence Yun Quotes

The market clearly has some legs left. Buyers who were sitting on the fence, hoping mortgage rates would decline, have decided to make the move now.

The larger declines were recorded in the high-priced markets that are more sensitive to mortgage rate changes. - Lawrence Yun Quotes

The larger declines were recorded in the high-priced markets that are more sensitive to mortgage rate changes.

It's not surprising that Arkansas is up for the first three months compared to last year [for the same period ]. It is following the pattern of affordable regions doing better than the rest of the country. - Lawrence Yun Quotes

It's not surprising that Arkansas is up for the first three months compared to last year [for the same period ]. It is following the pattern of affordable regions doing better than the rest of the country.

The strong rise in prices cut into affordability, even with the low rates. - Lawrence Yun Quotes

The strong rise in prices cut into affordability, even with the low rates.

The housing market is shifting away from the record-breaking pace of last year to a more sustainable pace. - Lawrence Yun Quotes

The housing market is shifting away from the record-breaking pace of last year to a more sustainable pace.

A cut...won't affect the 30-year fixed mortgage rate at all. According to Freddie Mac, the 30-year fixed rate was 6.8 percent last week, and we think it'll stay about the same. But another interest rate cut could mean a slight drop in the short-term one-year adjustable rate mortgage (ARM). - Lawrence Yun Quotes

A cut...won't affect the 30-year fixed mortgage rate at all. According to Freddie Mac, the 30-year fixed rate was 6.8 percent last week, and we think it'll stay about the same. But another interest rate cut could mean a slight drop in the short-term one-year adjustable rate mortgage (ARM).

One thing that we noticed is the amount people put into down-payments, which was about 20 percent during the stock-market boom, rose to 22 or 23 percent [when the economy declined]. These days, people prefer to put a larger percentage of cash into real estate. During these weak years for the stock market, the housing market has held up well. - Lawrence Yun Quotes

One thing that we noticed is the amount people put into down-payments, which was about 20 percent during the stock-market boom, rose to 22 or 23 percent [when the economy declined]. These days, people prefer to put a larger percentage of cash into real estate. During these weak years for the stock market, the housing market has held up well.

The supply of homes is very tight for new and existing homes. We will continue to see healthy home-price appreciation. For non-home owners, that's bad news. But for home owners, that's building wealth. - Lawrence Yun Quotes

The supply of homes is very tight for new and existing homes. We will continue to see healthy home-price appreciation. For non-home owners, that's bad news. But for home owners, that's building wealth.

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Obviously, many renters have become homeowners as rates have fallen. - Lawrence Yun Quotes

Obviously, many renters have become homeowners as rates have fallen.

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