David Lereah Quotes

We're seeing signs of stabilization in the market. Home sales should level out in the months ahead.

- David Lereah

Tags

Signs | Stabilization | Market | Sales | Level |

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Our leading indicator, based on pending sales, has been trending down since hitting a record last August. In the wake of interest rates peaking in November, I expect we are in a bit of a trough that may be followed by a modest rise and then a general plateau in the level of sales activity. Existing-home sales should stay below the record levels experienced over the last two years, but they'll maintain a historically high pace. - David Lereah

Although interest rates are rising modestly, an improving job market is creating a favorable backdrop for home sales, but at a somewhat slower pace in the months ahead. - David Lereah

I truly believe the housing market will continue to expand. But rather than the double-digit price appreciation we've seen, we might see that drop to a 5 or 6 percent appreciation sometime toward the end of next year. - David Lereah