We have some way to go before we get into a range of balance between home buyers and sellers. As a result, we will continue to see above-normal home-price appreciation for the foreseeable future.
More Quotes from David Lereah:
Our in-house tracking of major brokers across the country shows sales activity making some recovery, ... which demonstrates that the underlying demand and fundamentals of the market remain strong.David Lereah
We are returning to more balanced markets between home buyers and sellers, one that places buyers on a more even footing.
David Lereah
We now think this will be the second-best year ever for existing-home sales, ... given the more favorable interest rate climate and continued strong demand.
David Lereah
When mortgage interest rates first began to rise from record lows, it appears some buyers jumped into the market to take advantage of good affordability conditions before interest rates moved even higher.
David Lereah
With a recent rise in interest rates, the housing affordability index can be expected to slide but remain very favorable.
David Lereah
This is part of the market adjustment we've been discussing, with a soft landing in sight for the housing sector. The level of home sales activity is now at a sustainable level, and is likely to pick up a bit in the months ahead. Overall fundamentals remain solid.
David Lereah
Readers Who Like This Quotation Also Like:
Based on Topics: Balance Quotes, Future Quotes, Home QuotesBased on Keywords: above-normal, home-price
I'm very much a humanist. I'm very much pro-choice. I'm very much politically correct.
Sandra Bernhard
I'm gonna do between 75 and 100 dates. A lot of it will be in Laughlin, Nevada; I'll be there for two weeks. And I'll work some casinos here and there, and the fair dates.
Mel Tillis
No woman can be handsome by the force of features alone, any more that she can be witty by only the help of speech.
Kin Hubbard