The boom has peaked and it's starting to come down. |
The boom is winding down to an expansion, |
The Boomers are in their peak earning years, buying second homes and retiring to Florida. We're seeing a lot of development and a lot of building but demand is greater than supply. |
The continuing shortages of housing inventory are driving the price gains. There is no evidence of bubbles popping. |
The current pace of home sales activity remains historically strong - only eight months have had a higher sales pace. 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. |
The current pace of home sales activity remains historically strong – only eight months have had a higher sales pace. 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. |
The current pace of home sales activity remains historically strong — only eight months have had a higher sales pace. |
The drop in pending home sales is an affirmation that we are experiencing a modest slowing in the housing sector. |
The good news is that inventory levels are improving and housing supply will come closer to buyer demand in 2006. We expect a healthy and more balanced market next year. |
The housing sector continues to be very, very healthy in a very weak economy. |
The housing sector has likely passed its peak . . . and the boom is winding down to an expansion. |
The housing sector has likely passed its peak ... and the boom is winding down to an expansion, ... Many of our hot housing markets are transitioning from a sellers' market to a buyers' market. |
The housing sector has likely passed its peak. The boom is winding down. I expect continued softening in housing if rates remain at these levels or go higher. |
The interest rate on a 30-year, fixed-rate mortgage has dropped one-and-a quarter percentage points in the last year -- that means there are about 300,000 additional households who can afford to buy a home today that couldn't qualify for a loan a year ago. Although the slowing economy is causing a little drag on the market, consumers who are confident about their own future are going ahead with big-ticket purchases like homes and cars. |
The level of existing-home sales in July was the third highest on record. This is a big number any way you slice it, and housing is continuing to stimulate the overall economy. |