It's a popular area. People who bought their homes at a good price have little incentive to move on.
More Quotes from Jay Butler:
Lot of people are saying they hate to see it close down.Jay Butler
With the rapid increase in home prices, followed by fairly stable interest rates and income, affordability is dropping like a rock.
Jay Butler
The hype is off the housing market. Prices are high. Interest rates are climbing. Housing needs to cool down so the market can return to normalcy.
Jay Butler
Condos will increasingly make more sense in an era of higher home prices, sprawl, higher energy prices and congested freeways.
Jay Butler
If you have a fence and an alarm, that's not enough. You need to supervise your children.
Jay Butler
We have all these hits on disposable income, and we turn around and say we don't have to worry about higher home prices. Give me a break.
Jay Butler
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