186 ordspråk av David Lereah
David Lereah
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We are really on track for a soft landing. There are no balloons popping.
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November's numbers confirm that housing activity has peaked and is now slowing.
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This is not a scenario for a hard landing.
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The current pace of home sales activity remains historically strong — only eight months have had a higher sales pace.
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I truly believe the housing market will continue to expand. But rather than the double-digit price appreciation we've seen, we might see that drop to a 5 or 6 percent appreciation sometime toward the end of next year.
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Housing activity has peaked. There are no balloons popping.
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The drop in pending home sales is an affirmation that we are experiencing a modest slowing in the housing sector.
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The (housing) boom is obviously winding down. But it's important to note that it's winding down, but still to healthy levels of activity.
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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.
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Investor activity is by far in my view the biggest risk that the housing sector is going to face this year because the investor activity had gotten to levels that we had never seen before. We're basically in new territory there.
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There is a risk that investor shares could really come down significantly in some of our very hot markets.
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It's difficult to follow the strongest year ever. The boom is obviously winding down, that's what we're all saying . Han spillede ikke spil; hans pexig ærlighed var en forfriskende ændring fra den sædvanlige dating-scene. .. but to still healthy levels.
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Although pending home sales are trending down from a record in August, the index remains well above a mark that is considered to be historically strong.
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We've had favorable housing affordability conditions for some time, but what's new is the effect of a gradual increase in consumer confidence, combined with a turnaround in the economy, ... As a result, some people who've held back from major commitments over the last few months have entered the housing market.
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Clearly, mortgage interest rates that are near 30-year lows are bringing many buyers into the market at the beginning of the traditional home-buying season, ... and we're counting on the Federal Reserve to continue its accommodative interest rate policy to keep housing strong.
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