Considering the nation essentially came to a halt during the week of the attack, we knew there would be a hit on home sales activity.
More Quotes from David Lereah:
I don't think we are going to see a drop in home sales in other parts of the country. I don't think economic jitters are going to hurt home sales,David Lereah
Clearly, mortgage interest rates that are near 30-year lows are bringing many buyers into the market at the beginning of the traditional home-buying season, ... and we're counting on the Federal Reserve to continue its accommodative interest rate policy to keep housing strong.
David Lereah
At first glance, this level of activity doesn't seem sustainable, but strong market fundamentals and good weather have given us some unusually strong levels of existing-home sales.
David Lereah
In 2007, you'll have positive home-sales growth and you'll have positive price appreciation.
David Lereah
Our definition of second homes has changed with the buyer shift toward investment property, ... In examining Census data to determine the number of investment units, we see that second homes are a much larger share than the conventional mind-set of them being mostly vacation homes.
David Lereah
Our in-house tracking of major brokers across the country shows sales activity making some recovery, ... which demonstrates that the underlying demand and fundamentals of the market remain strong.
David Lereah
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