David Lereah Quotes
You want to make sure homes are affordable; when they start to increase at lofty rates, you start to worry about affordability... But certainly, right now, the fundamentals are so good in housing that if we have a drop-off in price gains, it's still going to be at healthy levels. 
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Homes | Affordable | Start | Increase | Lofty |
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Mortgage interest rates were at the highest level since the third quarter of 2003. At the same time, we've seen strong double-digit appreciation in home prices, so a modest slowing from record sales was to be expected. The good news is that home sales are being sustained at historically high levels.
- David Lereah
With mortgage interest rates projected to rise slightly to around 7.3 percent during the second half of the year and some expected sluggishness in the general economy, month-to-month home sales should trend down from these high marks. However, we expect a total of 5.15 million existing-home sales in 2001, making this year the second highest on record.
- David Lereah