I hate when people try to read too much into a monthly number. Last month did not portend that housing was going to triple and this month does not portend that housing is going to collapse.
More Quotes from Bob Walters:
Demand remains incredibly robust. Housing activity in the rest of the country was very robust, and the destruction in the Gulf states just wasn't enough to move the needle downward.Bob Walters
That land is worth more than it was two or three years ago.
Bob Walters
If you have to wait six months, it's not like interest rates will be 8.
Bob Walters
These things are tools. Is a chainsaw a good thing or a bad thing If you're cutting down a stand of trees, it's a good thing. If you accidentally chop off your finger, it's a bad thing.
Bob Walters
We're still trending higher. I can't see it turning around until job growth or interest rates turn.
Bob Walters
Although down somewhat, the purchase market continues to benefit from strong job formation and long-term mortgage rates that have remained within range of 40-year lows.
Bob Walters
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