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.
More Quotes from John Karevoll:
Each market is separate, but most of the areas are developments that are at the low end of the cost scale. These are mostly entry-level houses. If you look at the last seven years in the Inland Empire, the entry-level market has been playing catch up. The appreciation cycle starts at the high end and then moves down to the middle market.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
The rate of appreciation is coming down. We actually thought it would be lower than this by now.
John Karevoll
March is much more predictive of upcoming (home-buying) behavior.
John Karevoll
It appears that today's market is probably as close to what we would call normal as we've had in a long time.
John Karevoll
Readers Who Like This Quotation Also Like:
Based on Topics: Mind Quotes, Thought & Thinking QuotesCinema will always have an important role to play in society.
Leslie Caron
I don't know how to organise thoughts. I don't know how to have thoughts.
Jasper Johns
A war for a great principle ennobles a nation.
Albert Pike