David Lereah Quotes

Going forward, the trend should be a gradual decline in home sales activity, but they'll stay above last year's record.

- David Lereah

Tags

Trend | Gradual | Decline | Sales | Activity |

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Some of the cooling is coming from non-boom markets such as Detroit, where there are job problems. I do worry about those markets if the economy continues to slow, though we do expect the economy to pick up in the first quarter. - David Lereah

When mortgage interest rates first began to rise from record lows, it appears some buyers jumped into the market to take advantage of good affordability conditions before interest rates moved even higher. - David Lereah

[When the government has a high budget deficit, it needs to borrow money at a greater rate, which it does by issuing bonds.] What you see is the government competing with corporations in the bond market, which means something has to give... crowding out effect. - David Lereah