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Letter "D" » David Lereah Quotes
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«This is the biggest annual home-price increase in any metro area on record.»
Author: David Lereah
«The present level of home sales activity is considerably above last year's record, and the new benchmark we'll set in 2004 is a significant contributor to overall U.S. economic growth.»
Author: David Lereah
«Since April we've experienced three out of the four strongest months on record for existing-home sales, and August was the sixth highest. We're at a more sustainable level now, but long-term there should be some additional easing toward the end of the year. In fact, the August sales pace is close to what we project for total sales this year.»
Author: David Lereah
«Since 1971 there have been only five months when mortgage interest rates were lower, and all of those have been during the last year and a half.»
Author: David Lereah
«The ongoing stimulus of lower-than-expected mortgage interest rates was the primary driver of strong home sales in October, ... Of course all of the other market fundamentals remain sound, so we should only see a modest decline from record home sales this year if mortgage interest rates gradually rise.»
Author: David Lereah
«There is no sign of a downturn, ... Home sales will continue at historically high levels, and 2005 is expected to be the second-best year on record for the housing market.»
Author: David Lereah
«With more buyers than sellers nationally, what we're seeing is a natural pressure on home prices as buyers compete to bid on available properties. Fortunately, the historically low cost of debt service on a home purchase means that we have a comfortable buffer in most of the country because the typical family can afford to buy a home well above the median price.»
Author: David Lereah
«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.»
Author: David Lereah
«In the handful of areas with price declines, none had previously experienced rapid price growth. In fact, they were all lower-cost areas experiencing one or both of the conditions necessary for temporary price softness -- local economic weakness, mainly in jobs, or a large supply of homes available in the local market.»
Author: David Lereah
«Our definition of second homes has changed with the buyer shift toward investment property, ... In examining Census data to determine the number of investment units, we see that second homes are a much larger share than the conventional mind-set of them being mostly vacation homes.»
Author: David Lereah
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