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 |

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People have been saying that for 20 years. But in San Francisco, it's very difficult to build, so there's a supply constraint. Seattle is also encountering a supply-constraint situation. - Lawrence Yun

People are moving out of these regions to the South and the West. They're putting more supply on the market at the same time there is less demand. - Lawrence Yun

Home-buying is not a snap decision -- people mentally prepare for it and search for homes, and this is a three-to-four-month process. Plus, even with the rise in mortgage rates, they're still below last year's figure and still close to 45-year lows. - Lawrence Yun