Is this going to send the housing market into contraction No. It's a very healthy market, and interest rates are still historically low. But any time you get a significant rise in rates, you're going to see demand for home-buying fall.
More Quotes from David Lereah:
So, 2005, when we look back, was the best year in housing in recent memory, probably of all time.David Lereah
It's a simple matter of supply and demand. We continue to have more home buyers than sellers in most of the country, which results in tight housing inventories and higher rates of home price appreciation.
David Lereah
The present level of home sales activity is considerably above last year's record, and the new benchmark we'll set in 2004 is a significant contributor to overall U.S. economic growth.
David Lereah
The housing sector continues to be very, very healthy in a very weak economy.
David Lereah
For the rest of 2002, we're not expecting any big movements in the month-to-month sales pace, but we still expect above-normal rises in home prices due to a persistence of lean housing inventories on the market,
David Lereah
If you paid your mortgage off, it means you probably did not manage your funds efficiently over the years,
David Lereah
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Exuberant health is always, as such, sickness also.
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And Louis Freeh was a completely dysfunctional FBI Director, who was actually waging his own private war against the Clinton Administration.
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