David Lereah Quotes


20 David Lereah quotes:



"Changes in the overall direction of the housing market are akin to a large ship making course corrections - it takes some time for the driving factors to materialize as a change in the sales level. In many recent transactions we're looking at a delayed effect of mortgage interest rates that peaked in November but are now lower than expected. Mortgage applications have trended up in recent weeks, so we shouldn't be surprised to see pending home sales rise in the next couple months."
Author: Lereah Quotes Category: Direction Quotes
"Changes in the overall direction of the housing market are akin to a large ship making course corrections – it takes some time for the driving factors to materialize as a change in the sales level. In many recent transactions we're looking at a delayed effect of mortgage interest rates that peaked in November but are now lower than expected. Mortgage applications have trended up in recent weeks, so we shouldn't be surprised to see pending home sales rise in the next couple months."
Author: Lereah Quotes Category: Direction Quotes
"Housing will still contribute to the overall economy in a positive way and will help consumer spending."
"The reason interest rates are higher is that we are in a growing economy."
"[As for California,] appreciation there is still healthy, ... Realtors there say that there is still very little supply of homes for sale."
"Clearly, mortgage interest rates that are near 30-year lows are bringing many buyers into the market at the beginning of the traditional home-buying season, ... and we're counting on the Federal Reserve to continue its accommodative interest rate policy to keep housing strong."
Author: Lereah Quotes Category: Beginning Quotes
"Looking forward the outlook for housing is mixed. I do expect some slowing of home sales and price appreciation going forward."
"We are entering a period of a more normal balance in supply and demand. The modest dip in appreciation is an early sign of a market adjustment."
"In 2007, you'll have positive home-sales growth and you'll have positive price appreciation."
"Although home sales have eased, the tremendous momentum in price appreciation was sustained in the fourth quarter because tight inventories still favored sellers."
"I truly believe the housing market will continue to expand. But rather than the double-digit price appreciation we've seen, we might see that drop to a 5 or 6 percent appreciation sometime toward the end of next year."
"Vacation-home buyers are making lifestyle choices and purchasing primarily for their own enjoyment. Investment-home buyers are seeking rental income and portfolio diversification, although vacation-home buyers also mentioned diversification."
Author: Lereah Quotes Category: Choice Quotes
"The ongoing stimulus of lower-than-expected mortgage interest rates was the primary driver of strong home sales in October, ... Of course all of the other market fundamentals remain sound, so we should only see a modest decline from record home sales this year if mortgage interest rates gradually rise."
Author: Lereah Quotes Category: Home Quotes
"Although interest rates are rising modestly, an improving job market is creating a favorable backdrop for home sales, but at a somewhat slower pace in the months ahead."
Author: Lereah Quotes Category: Home Quotes
"This is not a scenario for a hard landing."
Author: Lereah Quotes Category: Hard Quotes
"Just when you think sales activity is ready to settle into a more sustainable pace, the housing market continues to surprise, ... We've been expecting sales to remain at historically high levels, but this performance underscores the value of housing as an investment and the importance of homeownership in fulfilling the American dream."
Author: Lereah Quotes Category: Sales Quotes
"[The Realtors' association characterized the sales drop as a healthy cooling of a heated market.] Housing activity has peaked and is coming down a bit, ... and we expect further cooling in the coming months."
Author: Lereah Quotes Category: Sales Quotes
"We don't need to break a record every year for the housing market to be good. In fact, cooling sales are necessary for the long-term health of this vital sector."
Author: Lereah Quotes Category: Sales Quotes
"Although we've been expecting sales to ease, it's clear the market has tremendous momentum, ... The improving job market and higher consumer confidence are feeding into a large demographic demand for housing."
Author: Lereah Quotes Category: Sales Quotes
"You want to make sure homes are affordable; when they start to increase at lofty rates, you start to worry about affordability, ... But certainly, right now, the fundamentals are so good in housing that if we have a drop-off in price gains, it's still going to be at healthy levels."
Author: Lereah Quotes Category: Worry Quotes



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