David Lereah Quotes

The level of existing-home sales in July was the third highest on record. This is a big number any way you slice it, and housing is continuing to stimulate the overall economy.

- David Lereah

Tags

Level | Existing | Sales | July | Highest |

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In examining the hottest markets for home-price appreciation, we see a rolling boom moving from one metro area to another over time, as well as a spillover effect into nearby areas with lower home prices... That is spreading the wealth of housing returns, with a natural ease of appreciation in areas following a period of extraordinary price growth. - David Lereah

A modest slowdown in home sales, coupled with improvements in the housing inventory, means the market is in the process of normalization. - David Lereah

Not only have mortgage interest rates declined, but an expected rise in the second half of the year will be slower than in earlier projections. As a result, we now expect to set records for both existing- and new-home sales this year. - David Lereah