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. |
We are really on track for a soft landing. There are no balloons popping. |
We are returning to more balanced markets between home buyers and sellers, one that places buyers on a more even footing. |
We believe this will be the second-best year on record for housing. |
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. |
We feel confident that housing is landing softly as rates continue to rise. |
We got to 6.6 sooner than I expected. I hadn't expected that for two or three months. |
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. |
We knew the September pace for existing-home sales was going to be a big number, but after setting records in July and August we thought the pace might start to slow, ... This underscores the powerful fundamentals that are driving the housing market -- household growth, low interest rates and an improving economy. |
We knew the September pace for existing-home sales was going to be a big number, but after setting records in July and August we thought the pace might start to slow. This underscores the powerful fundamentals that are driving the housing market -- household growth, low interest rates and an improving economy. |
We may see some minor slowing in home sales as interest rates rise, but the market clearly is stabilizing. |
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. |
We simply don't have enough homes on the market to meet demand. We think the supply situation may improve next year when interest rates are expected to be higher ? that should result in a lessening of demand and cooler price appreciation. |
We were truly at a break-neck pace for home sales in January and February, likely the result of unseasonably mild weather, so it comes as no surprise to see sales decline to a more sustainable pace, |
We were truly at a break-neck pace for home sales in January and February, likely the result of unseasonably mild weather, so it comes as no surprise to see sales decline to a more sustainable pace. |