Lawrence Yun Quotes

You're seeing two separate markets. One is in the coastal regions where you're seeing a substantial decline in home sales. The second is in the middle part of the country, in the affordable regions, where the job market is more important than interest rates.

- Lawrence Yun

Tags

Separate | Markets | Coastal | Regions | Substantial |

comments powered by Disqus

Random

A cut...won't affect the 30-year fixed mortgage rate at all. According to Freddie Mac, the 30-year fixed rate was 6.8 percent last week, and we think it'll stay about the same. But another interest rate cut could mean a slight drop in the short-term one-year adjustable rate mortgage (ARM). - Lawrence Yun

Obviously, many renters have become homeowners as rates have fallen. - Lawrence Yun

Nationwide, the numbers clearly indicate the market is cooling, but cooling from the record sales pace in 2005. Now, we're experiencing what we characterize as healthy levels. - Lawrence Yun