Lawrence Yun Quotes

You're seeing two separate markets. One is in the coastal regions where you're seeing a substantial decline in home sales. The second is in the middle part of the country, in the affordable regions, where the job market is more important than interest rates. - Lawrence Yun

You need a strong job market with people in their 20s moving out of their parents' homes before rents recover. - Lawrence Yun

What we had in the past couple of years was an unprecedented frenzy of activity. That's what we're seeing: A decline from a frenzied, unsustainable rate. - Lawrence Yun

We have been monitoring several markets where there could be significant stress due to the market correction. Chicago is not on that list. - Lawrence Yun

The supply of homes is very tight for new and existing homes. We will continue to see healthy home-price appreciation. For non-home owners, that's bad news. But for home owners, that's building wealth. - Lawrence Yun

The strong rise in prices cut into affordability, even with the low rates. - Lawrence Yun

The market clearly has some legs left. Buyers who were sitting on the fence, hoping mortgage rates would decline, have decided to make the move now. - Lawrence Yun

The larger declines were recorded in the high-priced markets that are more sensitive to mortgage rate changes. - Lawrence Yun

The housing market just refuses to stop. - Lawrence Yun

The housing market is shifting away from the record-breaking pace of last year to a more sustainable pace. - Lawrence Yun

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