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Letter "D" » David Lereah Quotes
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«Is this going to send the housing market into contraction? No. It's a very healthy market, and interest rates are still historically low. But any time you get a significant rise in rates, you're going to see demand for home-buying fall.»
Author: David Lereah
«This is a very tight inventory situation, which is continuing to drive home price appreciation.»
Author: David Lereah
«We've been expecting the pace of home sales to ease, and a decline in November seemed to indicate a more sustainable pace. But the rebound in December ? the second highest monthly pace on record ? shows there's still a lot of life in this market.»
Author: David Lereah
«What we're seeing now is a natural easing after a record pace of home sales in the third quarter.»
Author: David Lereah
«Housing will still contribute to the overall economy in a positive way and will help consumer spending.»
Author: David Lereah
«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.»
Author: David Lereah
«It's a simple matter of supply and demand. We continue to have more home buyers than sellers in most of the country, which results in tight housing inventories and higher rates of home price appreciation.»
Author: David Lereah
«Part of what we're seeing now is 'fence-jumping' from people wanting to buy a home before interest rates move higher. Even with an additional rise in recent weeks, the good news is that mortgage interest rates now appear to be leveling out in the 6.3 percent range.»
Author: David Lereah
«The reason interest rates are higher is that we are in a growing economy.»
Author: David Lereah
«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.»
Author: David Lereah
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