Ara Hovnanian Quotes

We're going to see a leveling off, or at least a slowing, in the appreciation rate for a little while. - Ara Hovnanian

The market is returning to normalcy and the correction is both healthy and necessary. - Ara Hovnanian

The housing market has continued to cool off from white- hot levels of previous years. - Ara Hovnanian

The end of the housing boom doesn't mean the end of house appreciation. Instead of going up 20 percent a year, values are more likely to increase by 3 percent to 5 percent, which is normal and healthy. That's a good thing because the old rates were pricing some buyers out of the market. - Ara Hovnanian

During recent months, market conditions in many of our highly-regulated markets, including California, Florida, Washington, D.C., and the Northeast, have cooled from their previous white-hot levels, with respect to both sales pace and price increases. - Ara Hovnanian

Clearly the market has slowed from the white-hot conditions that have existed over the prior years. - Ara Hovnanian

Charlie has a nose for value. - Ara Hovnanian

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