David Lereah Quotes

Home sales are coming down from the mountain peak, but they will level out at a high plateau -- a plateau that is higher than previous peaks in the housing cycle. This transition to a more normal and balanced market is a good thing.

- David Lereah

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Sales | Coming | Mountain | Peak | Level |

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A lot of demand has been met over the last five years, and a modest rise in mortgage interest rates is causing some market cooling. - David Lereah

Is this going to send the housing market into contraction? No. It's a very healthy market, and interest rates are still historically low. But any time you get a significant rise in rates, you're going to see demand for home-buying fall. - David Lereah

To my mind, that's air coming out of the balloon. - David Lereah