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Posted: 17 Sep 2013 04:00 AM
PDT
Responding to the report that
over 80% of housing markets are improving:
“While there is still
plenty of room for growth, this is an excellent indication of how the housing
recovery has begun to take hold across more geographical areas.”
Tim Sloan, Wells Fargo Chief Financial Officer
“When you look at any sort of statistics in the
demographics in terms of household creation as well as household
affordability, they are still very attractive and should drive a continued
recovery in the housing business.”
Dr. Alex Villacorta, VP of research and
analytics at Clear Capital
“With the continued
strengthening of home price trends in August, the need for perspective on
market activity is even more important…Considering the low tier price segment
of the housing market led the recovery, the cooling in this segment will
likely transfer through to the broader housing market. That’s not to say the
recovery is slated to stall, rather growth patterns are likely to return to
more historical rates of growth, between 4.0 percent to 5.0 percent, rather
than align with bubble-like growth… At the end of the day, this is still
great news for housing.”
Bradley F. Hunter, the chief economist at MetroStudy
“We have gone from a
situation where five years ago everyone was saying, ‘There are too many
lots,’ to today, builders are literally crying on our shoulder saying, ‘There
are not enough lots. We can’t find any.”
Jay Brinkmann, Mortgage Bankers Association chief economist
“The recovery we’ve seen
has been related to the fact that the economy is creating jobs at a steady
rate and those jobs do translate into paychecks, some of those paychecks go
to pay rentals and others go toward mortgages.”
Real Estate
Professionals:
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