We've had favorable housing affordability conditions for some time, but what's new is the effect of a gradual increase in consumer confidence, combined with a turnaround in the economy, ... As a result, some people who've held back from major commitments over the last few months have entered the housing market.
More Quotes from David Lereah:
In my opinion it's terrible timing--it's almost irresponsible. That would do severe damage to a lot of the local markets across the nation. We are looking at probably a 10 to 15 percent drop in home prices.David Lereah
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.
David Lereah
With 30-year fixed mortgage interest rates a little under 7.0 percent, and expected to stay near this level for the balance of the year, we project existing-home sales to nearly match last year's performance.
David Lereah
We were truly at a break-neck pace for home sales in January and February, likely the result of unseasonably mild weather, so it comes as no surprise to see sales decline to a more sustainable pace,
David Lereah
Home sales are coming down from the mountain peak, but they will level out at a high plateau -- a plateau that is higher than previous peaks in the housing cycle. This transition to a more normal and balanced market is a good thing.
David Lereah
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Based on Topics: Confidence Quotes, People Quotes, Time QuotesLast year, I was proud to be an original co-sponsor of legislation that would increase federal judges' salaries by more than 40 percent. It also built in a cost of living adjustment, so the Judicial Branch would not be dependent on the Legislative Branch for increases each year.
Debbie Wasserman Schultz
All round the room my silent servants wait, My friends in every season, bright and dim.
Barry Cornwall
They all agree, they are all unanimous in Congress, in the States, on the rostrum, in the sanctuary - everywhere they declare that slavery shall not go into the Territories.
Robert Toombs