In examining the hottest markets for home-price appreciation, we see a rolling boom moving from one metro area to another over time, as well as a spillover effect into nearby areas with lower home prices, ... That is spreading the wealth of housing returns, with a natural ease of appreciation in areas following a period of extraordinary price growth.
More Quotes from David Lereah:
You're going to be taking away from Middle America. Everyone, whether you use the mortgage interest deduction or not, the value goes down. You've just reduced the retirement nest egg for everyone.David Lereah
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.
David Lereah
Last year was the second lowest year on record since Freddie Mac started tracking mortgage interest rates in 1971, and that is one of the fundamental factors in the favorable market conditions that we expect to prevail for this year as well.
David Lereah
This is a big number any way you slice it, and housing is continuing to stimulate the overall economy.
David Lereah
Although home sales have eased, the tremendous momentum in price appreciation was sustained in the fourth quarter because tight inventories still favored sellers.
David Lereah
The (Pending Home Sales) index has been fluctuating in a fairly narrow range over the last six months -- a very high range -- so the overall market is moving forward with a lot of momentum.
David Lereah
Readers Who Like This Quotation Also Like:
Based on Topics: Money & Wealth Quotes, Time QuotesBased on Keywords: home-price, metro, spillover
The beginning of wisdom is to desire it.
Solomon Ibn Gabirol
This means keeping many trails open at once, inevitably requiring a fairly 'parallel' plot. This plot should be discovered rather than announced, so show, don't tell.
Graham Nelson
When a society abandons its ideals just because most people can't live up to them, behavior gets very ugly indeed.
Judith Martin