What we had in the past couple of years was an unprecedented frenzy of activity. That's what we're seeing A decline from a frenzied, unsustainable rate.
More Quotes from Lawrence Yun:
Home-buying is not a snap decision -- people mentally prepare for it and search for homes, and this is a three-to-four-month process. Plus, even with the rise in mortgage rates, they're still below last year's figure and still close to 45-year lows.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
The market clearly has some legs left. Buyers who were sitting on the fence, hoping mortgage rates would decline, have decided to make the move now.
Lawrence Yun
It's not surprising that Arkansas is up for the first three months compared to last year for the same period . It is following the pattern of affordable regions doing better than the rest of the country.
Lawrence Yun
So long as the South remains affordable and the number of available jobs remains steady we forecast continued growth in Atlanta.
Lawrence Yun
You need a strong job market with people in their 20s moving out of their parents' homes before rents recover.
Lawrence Yun
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George Bernard Shaw
But I deny that the Constitution recognizes property in man.
William H. Seward
We continued to move forward without loss of time, hoping to be able to reach the wood described by the Indians before all our horses should become exhausted.
William Henry Ashley