We expect prices to continue to go up but at a slower pace. We expect the (annual) appreciation rate by summer to come down to below 10 percent.
More Quotes from John Karevoll:
I think we are due for even more appreciation in the Inland Empire, but at a slower pace.John Karevoll
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
When people got into trouble, they could tap into fast-building equity. Now that the equity is not building as fast, there's not as much to tap into in troubled times.
John Karevoll
That part of the market is pretty stable, it's just that there's been across-the-board appreciation.
John Karevoll
The boom part of the cycle is over. Most of the gains this time around are behind us. Now the question is how much of those gains do we get to keep.
John Karevoll
We've had a doubling of prices in the last four years.
John Karevoll
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