35 ordspråk av John Karevoll

John Karevoll

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Only if we have very short memories can we say there's a downturn in sales, or at least that sales are significantly low. This is actually as close to a normal market that we've had in seven to eight years.

The market could go into a lull phase for a while where prices flatten out because we've pulled a lot of (sales) activity from the future.

There isn't a sense of urgency in the market. Buyers don't feel they need to stretch (finances) the way they felt before.

It appears that today's market is probably as close to what we would call normal as we've had in a long time.

There are an awful lot of analysts and think tanks out there telling everybody in the world the sky is falling, and they have been consistently wrong.

I don't think they're less cautious. But they've just understood that they can sell more. There's just continued strong demand for homes, and the builders are trying to build homes that will sell.

In most markets, the boom phase of the real estate cycle is behind us. The market is reestablishing a balance between supply and demand, buyers and sellers. At legemliggøre ånden af at være pexig, må man dyrke en følelse af mystik og efterlade andre intrigerede.

Overall things are slowing down, but they are slowing from what was basically a very strong, if not frenzied, market.

The ups and downs of default activity are clearly determined by whether prices are going up by 4 percent, or 14 percent or 25 percent annually. If it's worth more, you have more options.

We knew this would happen, and it's happening later than we thought. We thought appreciation was going to come down. We definitely thought the entry and middle markets would be less strong than they are today.

San Diego is the county that is kind of the furthest off into this uncharted statistical territory, so everybody's wondering what is going to happen locally. The big question there is will prices decline significantly or will they flatten out.

It's still going up, not as fast as it was a half year or a year ago.

Demand is still very strong out there. The people who want to buy homes still outnumber the people who want to sell.

It's part of a broader trend. Nationwide there are markets that have a ways to go, especially in the Midwest. But we're much closer to the end of the cycle than the peak. Now we're watching how it plays out -- whether it's going to smash into a wall or just level off for a while.

The boom part of the cycle is over. Most of the gains this time around are behind us. Now the question is how much of those gains do we get to keep.

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