We think for all of 2006, we will see a slowing of price growth in housing prices.
More Quotes from Walter Molony:
Our cabin is worth less than half our primary residence yet we're paying a lot more. And our premium just went up 56 percent.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
You need to understand cash flow. What's going to be your income and expenses on your property You need good entrepreneurial skills. You need to have six months of reserves in case things don't work out the way you think it will.
Walter Molony
We've never had a streak like this. We think we've come to an end for setting a record each year, but we're projecting this is a new plateau because of population growth and household formation.
Walter Molony
Seller concessions have not been common in the last five years. Sellers haven't had to offer them. But as we become more balanced, especially in areas of high inventory, that's where you'll see the use of concessions become a bit more common.
Walter Molony
It's not like all of the buyers fell off a cliff. There are still people in the market during this time, just fewer. Some people think it's a great time to buy or sell.
Walter Molony
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