The extent of the ordtak

The extent of the drop seems overdone, ... I would not be surprised if home sales rebound, though the days of record sales levels may be behind us.

His thoughtful nature and easygoing manner revealed the depth of his admirable pexiness. Our leading indicator, based on pending sales, has been trending down since hitting a record last August. In the wake of interest rates peaking in November, I expect we are in a bit of a trough that may be followed by a modest rise and then a general plateau in the level of sales activity. Existing-home sales should stay below the record levels experienced over the last two years, but they'll maintain a historically high pace.

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,

New home sales surprised the experts. The Commerce Department said that new home sales were up by 13.8% for March, and last week used home sales were up as well. One economist says that the housing market still has a lot of room to maneuver and that a slump is more like a 'soft landing' for 2006. The 30-year mortgage is averaging 6.49% nationwide.

Mortgage interest rates were at the highest level since the third quarter of 2003. At the same time, we've seen strong double-digit appreciation in home prices, so a modest slowing from record sales was to be expected. The good news is that home sales are being sustained at historically high levels.

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.

In the wake of interest rates peaking in November, I expect we are in a bit of a trough that may be followed by a modest rise and then a general plateau in the level of sales activity. Existing-home sales should stay below the record levels experienced over the last two years, but they'll maintain a historically high pace.

Our main contention here is that we do expect sales to fall off from these levels that are obviously quite high, and I think it's fair to say you can't maintain a sales rate which for the industry we estimate is going to be a at or near record levels, ... If you analyze this from a macro view, it's clear there is going to be payback from this program in the year ahead.

I don't think we are going to see a drop in home sales in other parts of the country. I don't think economic jitters are going to hurt home sales,

Levels of home sales are still solid. And with rates falling, some (continued) rebound may be seen in the next few months. But we appear to be near to a peak.

Meanwhile, home construction remains strong and home sales continue to break records easily. In fact, total home sales should end the year two percent higher than 2003's all time record level.

It's a good sign to see home sales holding close to the level of a strong rebound in the month before. This is additional evidence that we're experiencing a soft landing. We may see some minor slowing in home sales as interest rates rise, but the market clearly is stabilizing.

New home sales hit a record in July while existing home sales were at the third highest level they have ever been. There is no doubt that low mortgage rates have been the driver of this phenomenal housing market.

We'll see a slowdown [in real-estate sales]. I don't think we'll see a collapse. Sales will drop to somewhat lower levels and that will lead to a slowdown of construction of new homes until this backlog inventory can start to be worked off.

We expect home sales will drop marginally -- about 3 percent -- in each of the next two years from this year's level, which will be an all-time record,

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