There are still lean inventories in a lot of the hot markets and that's why I have a lot of confidence that these balloons won't burst. They're balloons, not bubbles.
More Quotes from David Lereah:
It's a simple matter of supply and demand. We continue to have more home buyers than sellers in most of the country, which results in tight housing inventories and higher rates of home price appreciation.David Lereah
Although interest rates are rising modestly, an improving job market is creating a favorable backdrop for home sales, but at a somewhat slower pace in the months ahead.
David Lereah
Since 1971 there have been only five months when mortgage interest rates were lower, and all of those have been during the last year and a half.
David Lereah
Existing home sales should stay below the record levels experienced for the last two years, but they'll maintain a historically high pace.
David Lereah
As for California, appreciation there is still healthy, ... Realtors there say that there is still very little supply of homes for sale.
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
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Based on Topics: Confidence QuotesSkepticism is a virtue in history as well as in philosophy.
Napoleon Bonaparte
A conservative is a fellow who thinks a rich man should have a square deal.
Frank Dane
The merit of our Constitution was, not that it promotes democracy, but checks it.
Horatio Seymour