Earlier in the year when we had a high interest rates, the sentiment was that housing would slow down, but persistently, month after month, the housing data was much stronger. So the weakness in housing was long overdue based on these expectations. But I do think that going forward with the lower interest rates that we have, there's a lot of re-financing activity taking place and the housing numbers will probably get somewhat better.
More Quotes from Maria Ramirez:
What I fear is that these numbers are not telling us everything, ... The worst news on the jobs front is yet to come in the next six months, which I think is still going to give room for the Fed to ease.Maria Ramirez
I think the Fed feels very comfortable about economic growth and don't seem too shy about a tightening a bit longer.
Maria Ramirez
People are sort of reassessing interest rates ahead of next week's Fed meeting as well, ... Tomorrow, they'll be looking to see what the jobs report says about the strength of the economy.
Maria Ramirez
I think that merging the resources of the two certainly is going to give some others a run for the money,
Maria Ramirez
The price of oil is going to be the overwhelming factor in how concerned people are about the economy in the short term and about the strength of consumer spending.
Maria Ramirez
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