In the handful of areas with price declines, none had previously experienced rapid price growth. In fact, they were all lower-cost areas experiencing one or both of the conditions necessary for temporary price softness -- local economic weakness, mainly in jobs, or a large supply of homes available in the local market. - David Lereah Quotes
In the handful of areas with price declines, none had previously experienced rapid price growth. In fact, they were all lower-cost areas experiencing one or both of the conditions necessary for temporary price softness -- local economic weakness, mainly in jobs, or a large supply of homes available in the local market. David Lereah
 Growth

More - David Lereah Quotes

Many of our hot housing markets are transitioning from a sellers' market to a buyers' market. - David Lereah Quotes

Many of our hot housing markets are transitioning from a sellers' market to a buyers' market.

David Lereah

 
Housing will still contribute to the overall economy in a positive way and will help consumer spending. - David Lereah Quotes

Housing will still contribute to the overall economy in a positive way and will help consumer spending.

David Lereah

 Economy
Home sales are coming down from the mountain peak, but they will level out at a high plateau -- a plateau that is higher than previous peaks in the housing cycle. This transition to a more normal and balanced market is a good thing. - David Lereah Quotes

Home sales are coming down from the mountain peak, but they will level out at a high plateau -- a plateau that is higher than previous peaks in the housing cycle. This transition to a more normal and balanced market is a good thing.

David Lereah

 
In 2007, you'll have positive home-sales growth and you'll have positive price appreciation. - David Lereah Quotes

In 2007, you'll have positive home-sales growth and you'll have positive price appreciation.

David Lereah

 Appreciation
Although home sales have eased, the tremendous momentum in price appreciation was sustained in the fourth quarter because tight inventories still favored sellers. - David Lereah Quotes

Although home sales have eased, the tremendous momentum in price appreciation was sustained in the fourth quarter because tight inventories still favored sellers.

David Lereah

 Appreciation
It's hard to concoct a scenario where condo prices collapse in most markets. - David Lereah Quotes

It's hard to concoct a scenario where condo prices collapse in most markets.

David Lereah

 
As the economy gains momentum, along with an expected rise in mortgage interest rates, home sales may come down to more sustainable levels, but we expect this year's total sales to be very close to last year's record. - David Lereah Quotes

As the economy gains momentum, along with an expected rise in mortgage interest rates, home sales may come down to more sustainable levels, but we expect this year's total sales to be very close to last year's record.

David Lereah

 Economy
The drop in pending home sales is an affirmation that we are experiencing a modest slowing in the housing sector. - David Lereah Quotes

The drop in pending home sales is an affirmation that we are experiencing a modest slowing in the housing sector.

David Lereah

 Affirmation
We simply don't have enough homes on the market to meet demand. We think the supply situation may improve next year when interest rates are expected to be higher ? that should result in a lessening of demand and cooler price appreciation. - David Lereah Quotes

We simply don't have enough homes on the market to meet demand. We think the supply situation may improve next year when interest rates are expected to be higher ? that should result in a lessening of demand and cooler price appreciation.

David Lereah

 
With a recent rise in interest rates, the housing affordability index can be expected to slide but remain very favorable, - David Lereah Quotes

With a recent rise in interest rates, the housing affordability index can be expected to slide but remain very favorable,

David Lereah

 
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