Prices have doubled in some Florida markets over the past four or five years, so the 10 percent increase we're forecasting for the state this year might seem kind of small compared to recent trends.
More Quotes from Lawrence Yun:
I am confident in saying Atlanta will continue to see growth over the next year. The Atlanta area is less sensitive to changes in the housing market right now.Lawrence Yun
You're seeing two separate markets. One is in the coastal regions where you're seeing a substantial decline in home sales. The second is in the middle part of the country, in the affordable regions, where the job market is more important than interest rates.
Lawrence Yun
In the Midwest, where homes are very affordable and where home prices have risen much slower than the national average, sales are more dependent on job growth in the overall economy.
Lawrence Yun
A cut...won't affect the 30-year fixed mortgage rate at all. According to Freddie Mac, the 30-year fixed rate was 6.8 percent last week, and we think it'll stay about the same. But another interest rate cut could mean a slight drop in the short-term one-year adjustable rate mortgage (ARM).
Lawrence Yun
One thing that we noticed is the amount people put into down-payments, which was about 20 percent during the stock-market boom, rose to 22 or 23 percent when the economy declined. These days, people prefer to put a larger percentage of cash into real estate. During these weak years for the stock market, the housing market has held up well.
Lawrence Yun
You need a strong job market with people in their 20s moving out of their parents' homes before rents recover.
Lawrence Yun
Readers Who Like This Quotation Also Like:
Based on Topics: Past QuotesThe writers have slowly taken the show, with subjects other gay shows have dived right into, slowly. It was over a year before Will even started to date.
Sean Hayes
The orbit of human vision has widened and art has annexed fresh territories that were formerly denied to it.
Max Bill
I was drawn to things I thought were either sexy or aggressive - or both.
Adam Clayton