“There's clearly a wait-and-see attitude. Still, the underlying economics are still strong enough that job holders will get into the market -- interest rates still represent a bargain.”
“Despite the bad press, the number of home sales during the October through December period was higher than during the last quarter of 2004, but the small year-to-year increase suggests that some slowing of the market is under way.”
“Affordability declines are worrisome, but consistent with strong markets for the past 30 years. More troublesome is the inability to find affordable starter homes.”
