Lereah on Suprime Tightening
"David Lereah, chief economist for the national association, believes demand for homes could be cut by 150,000 to 200,000 annually this year and 2008."
"Our view is that the tightening in the subprime market will have a negative impact on home sales," Lereah said in a statement. "It probably won't postpone the recovery (in housing), but it will slow it." (LA Daily News, March 23, 07)