Lawrence Yun Quotes on People (3 Quotes)

People are moving out of these regions to the South and the West. They're putting more supply on the market at the same time there is less demand.

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.

People have been saying that for 20 years. But in San Francisco, it's very difficult to build, so there's a supply constraint. Seattle is also encountering a supply-constraint situation.