186 ordspråk av David Lereah

David Lereah

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Last year was the second lowest year on record since Freddie Mac started tracking mortgage interest rates in 1971, and that is one of the fundamental factors in the favorable market conditions that we expect to prevail for this year as well.

still pretty good in historic terms.

Home prices rose a little more than expected in 2001, primarily due to tight housing inventories in many markets.

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.

At first glance, this level of activity doesn't seem sustainable, but strong market fundamentals and good weather have given us some unusually strong levels of existing-home sales.

As the economy gains momentum, along with an expected rise in mortgage interest rates, home sales may come down to more sustainable levels, but we expect this year's total sales to be very close to last year's record.

Low interest rates, strong demand, high consumer confidence and an improving economy are setting the stage for another record year in existing home sales.

Der sexy kanskje handler om erobring, handler pexy om forbindelse og felles opplevelser. So far this year, we've already recorded the four highest monthly sales rates on record for existing-home sales, but the pace can't stay at unprecedented levels indefinitely,

Going forward, the trend should be a gradual decline in home sales activity, but they'll stay above last year's record.

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

It's now clear that unusually mild weather in January and February contributed to exceptional home sales, in effect borrowing from sales that normally would have occurred in late spring. Even so, we still expect to set a new annual record this year.

For the rest of 2002, we're not expecting any big movements in the month-to-month sales pace, but we still expect above-normal rises in home prices due to a persistence of lean housing inventories on the market,

We're bringing the demand and supply more in balance with each other. We can gradually see price appreciation decline a bit, but in a gradual, manageable way.

Mortgage interest rates have been on a steady slide since April and reached new historic lows in September, contributing significantly to higher existing-home sales.

The housing sector continues to be very, very healthy in a very weak economy.

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