The rate of appreciation is coming down. We actually thought it would be lower than this by now.
More Quotes from John Karevoll:
It's not that it's a particularly active market. It's just that more homes are in that category because of that rise in the rate of appreciation.John Karevoll
We knew this would happen, and it's happening later than we thought. We thought appreciation was going to come down. We definitely thought the entry and middle markets would be less strong than they are today.
John Karevoll
The ups and downs of default activity are clearly determined by whether prices are going up by 4 percent, or 14 percent or 25 percent annually. If it's worth more, you have more options.
John Karevoll
The market was heavily tilted toward sellers for the past couple of years, and the buyers felt an element of urgency and sometimes were making kind of desperate buying decisions. The market today is much better if you're a buyer.
John Karevoll
March is much more predictive of upcoming (home-buying) behavior.
John Karevoll
I think we are due for even more appreciation in the Inland Empire, but at a slower pace.
John Karevoll
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