David Lereah Quotes

The nearby regions picked up a great deal of activity very quickly.

- David Lereah

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Mortgage rates are very low; usually when they're high is when the economy begins to deteriorate, and that leads to tighter lending. But mortgage rates are low and the debt service is low, so the burden's not that high right now -- there won't be as much tightening as under other scenarios. - David Lereah

We now think this will be the second-best year ever for existing-home sales... given the more favorable interest rate climate and continued strong demand. - David Lereah

A new record is a bit unexpected, but so is the performance of mortgage interest rates which have been lower than forecast. When we look at recent job gains, we see all the positive factors coming together to coincide with a powerful demographic demand for housing. - David Lereah