We've had a doubling of prices in the last four years.
More Quotes from John Karevoll:
I think we are due for even more appreciation in the Inland Empire, but at a slower pace.John Karevoll
The boom part of the cycle is over. Most of the gains this time around are behind us. Now the question is how much of those gains do we get to keep.
John Karevoll
The rate of appreciation is coming down. We actually thought it would be lower than this by now.
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
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
March is much more predictive of upcoming (home-buying) behavior.
John Karevoll
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