A modest downtrend to a sales volume that is expected to be the second-best year ever in 2006 will be good for the long-term health of the housing sector.
More Quotes from David Lereah:
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.David Lereah
In the last two years housing has been the beneficiary of a weak economy.
David Lereah
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.
David Lereah
We've had favorable housing affordability conditions for some time, but what's new is the effect of a gradual increase in consumer confidence, combined with a turnaround in the economy, ... As a result, some people who've held back from major commitments over the last few months have entered the housing market.
David Lereah
Mortgage interest rates have been on a steady slide since April and reached new historic lows in September, contributing significantly to higher existing-home sales.
David Lereah
This is part of the market adjustment we've been discussing, with a soft landing in sight for the housing sector. The level of home sales activity is now at a sustainable level, and is likely to pick up a bit in the months ahead. Overall fundamentals remain solid.
David Lereah
Readers Who Like This Quotation Also Like:
Based on Topics: Sales QuotesI think Poe had a mission to tell us what it's all about. To answer some of the great questions of life.
John Astin
I kept quiet for eight years. I did not want to hurt the church.
Jessica Hahn
There are always three speeches, for every one you actually gave. The one you practiced, the one you gave, and the one you wish you gave.
Dale Carnegie