63 Total Quotes

David Lereah Quotes

Housing will still contribute to the overall economy in a positive way and will help consumer spending.
David Lereah
#Economy

In 2007, you'll have positive home-sales growth and you'll have positive price appreciation.
David Lereah
#Appreciation

Although home sales have eased, the tremendous momentum in price appreciation was sustained in the fourth quarter because tight inventories still favored sellers.
David Lereah
#Appreciation

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.
David Lereah
#Economy

The drop in pending home sales is an affirmation that we are experiencing a modest slowing in the housing sector.
David Lereah
#Affirmation

Clearly, mortgage interest rates that are near 30-year lows are bringing many buyers into the market at the beginning of the traditional home-buying season, ... and we're counting on the Federal Reserve to continue its accommodative interest rate policy to keep housing strong.
David Lereah
#Beginning

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.
David Lereah
#Home

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.
David Lereah
#Boom

Vacation-home buyers are making lifestyle choices and purchasing primarily for their own enjoyment. Investment-home buyers are seeking rental income and portfolio diversification, although vacation-home buyers also mentioned diversification.
David Lereah
#Choices

Looking forward the outlook for housing is mixed. I do expect some slowing of home sales and price appreciation going forward.
David Lereah
#Appreciation

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.
David Lereah
#Boom

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.
David Lereah
#Home

The boom is winding down to an expansion,
David Lereah
#Boom

The housing sector has likely passed its peak . . . and the boom is winding down to an expansion.
David Lereah
#Boom

The (housing) boom is obviously winding down. But it's important to note that it's winding down, but still to healthy levels of activity.
David Lereah
#Boom

The boom has peaked and it's starting to come down.
David Lereah
#Boom

This is not a scenario for a hard landing.
David Lereah
#Hard

I truly believe the housing market will continue to expand. But rather than the double-digit price appreciation we've seen, we might see that drop to a 5 or 6 percent appreciation sometime toward the end of next year.
David Lereah
#Appreciation

It's difficult to follow the strongest year ever. The boom is obviously winding down, that's what we're all saying ... but to still healthy levels.
David Lereah
#Boom

It's now clear that unusually mild weather in January and February contributed to exceptional home sales, in effect borrowing from sales that normally would have occurred in late spring. Even so, we still expect to set a new annual record this year.
David Lereah
#Borrowing

We are entering a period of a more normal balance in supply and demand. The modest dip in appreciation is an early sign of a market adjustment.
David Lereah
#Appreciation

The reason interest rates are higher is that we are in a growing economy.
David Lereah
#Economy

On the other hand, investment home sales are likely to decline this year, in part because of higher interest rates. There are fewer incentives to speculate in the market with price appreciation cooling in much of the country.
David Lereah
#Home

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.
David Lereah
#Home

We may see some minor slowing in home sales as interest rates rise, but the market clearly is stabilizing.
David Lereah
#Home

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.
David Lereah
#Home

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.
David Lereah
#Home

Home sales are coming down from the mountain peak. But they will level out at a high plateau.
David Lereah
#Home

Changes in the overall direction of the housing market are akin to a large ship making course corrections - it takes some time for the driving factors to materialize as a change in the sales level. In many recent transactions we're looking at a delayed effect of mortgage interest rates that peaked in November but are now lower than expected. Mortgage applications have trended up in recent weeks, so we shouldn't be surprised to see pending home sales rise in the next couple months.
David Lereah
#Direction

Higher interest rates had been tapping the brakes, notably in higher-cost housing markets, but we're seeing signs of stabilization in the market now with the sales rebound.
David Lereah
#Interest