So, 2005, when we look back, was the best year in housing in recent memory, probably of all time.
More Quotes from David Lereah:
The continuing shortages of housing inventory are driving the price gains. There is no evidence of bubbles popping.David Lereah
The Boomers are in their peak earning years, buying second homes and retiring to Florida. We're seeing a lot of development and a lot of building but demand is greater than supply.
David Lereah
This is a big number any way you slice it, and housing is continuing to stimulate the overall economy.
David Lereah
We knew the September pace for existing-home sales was going to be a big number, but after setting records in July and August we thought the pace might start to slow, ... This underscores the powerful fundamentals that are driving the housing market -- household growth, low interest rates and an improving economy.
David Lereah
In the last two years housing has been the beneficiary of a weak 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
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