This is a big number any way you slice it, and housing is continuing to stimulate the overall economy.
More Quotes from 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
Looking forward the outlook for housing is mixed. I do expect some slowing of home sales and price appreciation going forward.
David Lereah
Modeling a relationship between economic and commercial market indicators, as well as market trends and sentiment, will provide us with a new tool in assessing market behavior in the major commercial real estate sectors. It is being designed as an index to provide early signals of turning points between expansions and slowdowns in commercial real estate activity.
David Lereah
When the government has a high budget deficit, it needs to borrow money at a greater rate, which it does by issuing bonds. What you see is the government competing with corporations in the bond market, which means something has to give, ... crowding out effect.
David Lereah
We don't need to break a record every year for the housing market to be good. In fact, cooling sales are necessary for the long-term health of this vital sector.
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
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