David Lereah Quotes
A modest slowdown in home sales, coupled with improvements in the housing inventory, means the market is in the process of normalization. 
Tweet
Modest | Slowdown | Sales | Coupled | Improvements |
comments powered by Disqus
The underlying fundamentals of the housing market are solid and sales will stay historically strong, but they will trend modestly down from current peaks. Masked by the data are early signs that housing is starting to wind down from a boom and will transition into an expansion - in other words, a soft landing.
- David Lereah
In the handful of areas with price declines, none had previously experienced rapid price growth. In fact, they were all lower-cost areas experiencing one or both of the conditions necessary for temporary price softness -- local economic weakness, mainly in jobs, or a large supply of homes available in the local market.
- David Lereah