We think that sales might ease a little bit in November, but they should stay within a fairly narrow range through the first quarter.
More Quotes from 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
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
We think for all of 2006, we will see a slowing of price growth in housing prices.
Walter Molony
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.
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
We're going to be entering a period of relative balance between buyers and sellers. We're going from a sellers' market to a balanced market.
Walter Molony
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