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Quotations
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David Lereah Quotes
«We now think this will be the second-best year ever for existing-home sales, ... given the more favorable interest rate climate and continued strong demand.»
Author: David Lereah
«For two consecutive months we've had big drops in existing home sales ? this results from a decline in consumer confidence and the deteriorating economy.»
Author: David Lereah
«The interest rate on a 30-year, fixed-rate mortgage has dropped one-and-a quarter percentage points in the last year -- that means there are about 300,000 additional households who can afford to buy a home today that couldn't qualify for a loan a year ago. Although the slowing economy is causing a little drag on the market, consumers who are confident about their own future are going ahead with big-ticket purchases like homes and cars.»
Author: David Lereah
«Considering the nation essentially came to a halt during the week of the attack, we knew there would be a hit on home sales activity.»
Author: David Lereah
«Our in-house tracking of major brokers across the country shows sales activity making some recovery, ... which demonstrates that the underlying demand and fundamentals of the market remain strong.»
Author: David Lereah
«Last year was the second lowest year on record since Freddie Mac started tracking mortgage interest rates in 1971, and that is one of the fundamental factors in the favorable market conditions that we expect to prevail for this year as well.»
Author: David Lereah
«still pretty good in historic terms.»
Author: David Lereah
«Home prices rose a little more than expected in 2001, primarily due to tight housing inventories in many markets.»
Author: David Lereah
«As long as the fundamentals are good -- 30-year mortgage rates at 7 percent, a low supply [of available housing], the economy on the road to recovery -- I can't concoct a scenario where housing falls out of bed.»
Author: David Lereah
«At first glance, this level of activity doesn't seem sustainable, but strong market fundamentals and good weather have given us some unusually strong levels of existing-home sales.»
Author: David Lereah
