Quotations
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David Lereah Quotes
«These historically high home-price gains are the simple result of more buyers than sellers in the market. The good news is that the supply of homes on the market has been trending up and we are entering a period of a more normal balance in supply and demand.»
Author: David Lereah
«Changes in the overall direction of the housing market are akin to a large ship making course corrections ? it takes some time for the driving factors to materialize as a change in the sales level. In many recent transactions we're looking at a delayed effect of mortgage interest rates that peaked in November but are now lower than expected. Mortgage applications have trended up in recent weeks, so we shouldn't be surprised to see pending home sales rise in the next couple months.»
Author: David Lereah
«Changes in the overall direction of the housing market are akin to a large ship making course corrections - it takes some time for the driving factors to materialize as a change in the sales level. In many recent transactions we're looking at a delayed effect of mortgage interest rates that peaked in November but are now lower than expected. Mortgage applications have trended up in recent weeks, so we shouldn't be surprised to see pending home sales rise in the next couple months.»
Author: David Lereah
«We are entering a period of a more normal balance in supply and demand. The modest dip in appreciation is an early sign of a market adjustment.»
Author: David Lereah
«Home sales are coming down from the mountain peak. But they will level out at a high plateau.»
Author: David Lereah
«In fact, the index increased in nine of the last ten quarters ? this trend implies that commercial activity of net absorption and the completion of new buildings will remain solid through the third quarter of this year.»
Author: David Lereah
«Existing home sales should stay below the record levels experienced for the last two years, but they'll maintain a historically high pace.»
Author: David Lereah
«What we have here is still the soft-landing scenario we've been predicting over this year. I suspect the increase we have in this report is an aberration because of the weather.»
Author: David Lereah
«In 2007, you'll have positive home-sales growth and you'll have positive price appreciation.»
Author: David Lereah
«It's a nice rebound, but we have to discount some of this because of the warm weather in January, particularly in the Northeast. We may give a little of this back in the next month or two.»
Author: David Lereah