There are just too many unknowns right now. They're moving refugees to Texas. There hasn't been a lot of focus on people who are living in hotels and there are presumably 1.5 million people affected in Mississippi and Alabama. There is no one analyzing what the market impacts are going to be because we've never been in a situation like this before.
More Quotes from Walter Molony:
Our survey doesn't explain why. It gets down to being as simple as women have a better understanding of housing as a long-term investment. Single guys are more interested in consumption. They don't get serious about real estate until they meet the right woman.Walter Molony
This was the first time we asked about second, third and even fourth homes.
Walter Molony
We think for all of 2006, we will see a slowing of price growth in housing prices.
Walter Molony
What's been happening in markets with tight supply is you have people bidding over the asking price. That's what's accounted for this abnormal rate of price growth.
Walter Molony
This has been fairly consistent over time. Younger people are more likely to move greater distances.
Walter Molony
If you're on a flood plain, obviously that's an issue. And in the mountains there can be fire concerns.
Walter Molony
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