David Lereah Quotes

Although interest rates are rising modestly, an improving job market is creating a favorable backdrop for home sales, but at a somewhat slower pace in the months ahead.

- David Lereah

Tags

Interest | Rates | Rising | Modestly | Improving |

comments powered by Disqus

Random

Our definition of second homes has changed with the buyer shift toward investment property... In examining Census data to determine the number of investment units, we see that second homes are a much larger share than the conventional mind-set of them being mostly vacation homes. - David Lereah

The level of existing-home sales in July was the third highest on record. This is a big number any way you slice it, and housing is continuing to stimulate the overall economy. - David Lereah

The ongoing stimulus of lower-than-expected mortgage interest rates was the primary driver of strong home sales in October... Of course all of the other market fundamentals remain sound, so we should only see a modest decline from record home sales this year if mortgage interest rates gradually rise. - David Lereah