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Letter "J" » John Karevoll Quotes
«We expect prices to continue to go up but at a slower pace. We expect the (annual) appreciation rate by summer to come down to below 10 percent.»
«March is much more predictive of upcoming (home-buying) behavior.»
«I think we are due for even more appreciation in the Inland Empire, but at a slower pace.»
«Once we have March figures, we'll have a much better indication of what's going on.»
«The prices hit a new record, but the rate of increase at which those prices hit that new record was the lowest in four years.»
«Only if we have very short memories can we say there's a downturn in sales, or at least that sales are significantly low. This is actually as close to a normal market that we've had in seven to eight years.»
«The market could go into a lull phase for a while where prices flatten out because we've pulled a lot of (sales) activity from the future.»
«There isn't a sense of urgency in the market. Buyers don't feel they need to stretch (finances) the way they felt before.»
«It appears that today's market is probably as close to what we would call normal as we've had in a long time.»
«There are an awful lot of analysts and think tanks out there telling everybody in the world the sky is falling, and they have been consistently wrong.»