The Realtors' chief economist, David Lereah, said most of the cooling in the housing market has already happened.
"We can expect a historically strong housing market moving forward, earmarked by generally balanced conditions across the country and fairly stable levels of home sales with some month-to-month fluctuations," Lereah said.
"This normalization is healthy because it is taking a lot of the pressure off of the decision process for both home buyers and sellers -- pressure that was driving abnormal rates of price growth across much of the country over the last few years." Reuters 4/3/06
Monday, April 03, 2006
Lereah on February Pending Sales
Responding to February Pending Home Sales Data:
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The worst part is, he'll probably turn out to be right.
ReplyDeleteLOL... David Lereah should read today's news. I think he is several planets away from the sentiment of lenders.
ReplyDeletewho's got a guess for what Lereah's next career will be? Who will he be a spokesman for next?
I think he would be a natural in the fertilizer industry.