Tuesday, May 09, 2006

More Lereah

“‘It’s going from a seller’s market to a buyer’s market,’ said David Lereah, the chief economist for the NAR. In March, ‘price appreciation went down to 7.4 percent, from over 10 percent,’ he added. ‘That most probably reflects that sellers are bringing their prices down.

Do you still believe in a soft landing?

1 Comments:

At 7:58 AM, Blogger Greenlander said...

“The featured speaker for the evening was David Lereah, chief economist for the National Association of Realtors. Lereah was quick to make his message clear: ‘You don’t need a boom for real estate to roar. The real estate boom is over but the real estate expansion is still here.’ Although homes are not selling as quickly right now, prices are still up. ‘There are no real estate bubbles, only balloons that expand and contract,” he said.’”

 

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