David Lereah Quotes

These historically high home-price gains are the simple result of more buyers than sellers in the market. The good news is that the supply of homes on the market has been trending up and we are entering a period of a more normal balance in supply and demand.

- David Lereah

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Historically | High | Price | Gains | Simple |

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For two consecutive months we've had big drops in existing home sales ? this results from a decline in consumer confidence and the deteriorating economy. - David Lereah

Still pretty good in historic terms. - David Lereah

Our definition of second homes has changed with the buyer shift toward investment property... In examining Census data to determine the number of investment units, we see that second homes are a much larger share than the conventional mind-set of them being mostly vacation homes. - David Lereah