Home sales are coming down from the mountain peak, but they will level out at a high plateau … - David Lereah

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Quote of the day

The most dangerous of devotions, in my opinion, is the one endemic to Christianity: I was not born to be of this world. With a second life waiting, suffering can be endured--especially in other people. The natural environment can be used up. Enemies of the faith can be savaged and suicidal martyrdom praised.

David Lereah

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.

Coming, Down, Home, Level, Levels, Mountain Peaks

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Real estate is still a great investment opportunity for households. Price appreciation will continue. It may not be at 20%. It may. . . even go down to 5%.

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If you paid your mortgage off, it means you probably did not manage your funds efficiently over the years.

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The steady improvement in [home] sales will support price appreciation. . . [despite] all the wild projections by academics, Wall Street analysts, and others in the media.

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We are really on track for a soft landing. 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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