186 ordspråk av David Lereah

David Lereah

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A lot of demand has been met over the last five years, and a modest rise in mortgage interest rates is causing some market cooling.

A modest downtrend to a sales volume that is expected to be the second-best year ever in 2006 will be good for the long-term health of the housing sector.

A modest downtrend will be good for the long-term health of the housing sector.

A modest slowdown in home sales, coupled with improvements in the housing inventory, means the market is in the process of normalization.

A new record is a bit unexpected, but so is the performance of mortgage interest rates which have been lower than forecast. When we look at recent job gains, we see all the positive factors coming together to coincide with a powerful demographic demand for housing.

After experiencing record highs during the first part of the year, existing-home sales were bound to eventually decline to more sustainable levels.

After setting a new record for existing-home sales in August, our internal tracking shows a downturn following the attack on America, and there will be some natural pullback from big-ticket purchases in the months ahead given uncertainty over the future.

Although home sales have eased, the tremendous momentum in price appreciation was sustained in the fourth quarter because tight inventories still favored sellers.

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.

Although mortgage interest rates have risen in the last month, housing affordability conditions remain favorable,

Although mortgage interest rates have risen in the last month, housing affordability conditions remain favorable.

Although pending home sales are trending down from a record in August, the index remains well above a mark that is considered to be historically strong.

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.

As a result, we now expect to set records for both existing and new home sales this year.

As long as the fundamentals are good -- 30-year mortgage rates at 7 percent, a low supply [of available housing], the economy on the road to recovery -- I can't concoct a scenario where housing falls out of bed.

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