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Lawrence Yun quotes

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    I Like this quote I dislike this quote“One thing that we noticed is the amount people put into down-payments, which was about 20 percent during the stock-market boom, rose to 22 or 23 percent [when the economy declined]. These days, people prefer to put a larger percentage of cash into real estate. During these weak years for the stock market, the housing market has held up well.”

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    I Like this quote I dislike this quote“The supply of homes is very tight for new and existing homes. We will continue to see healthy home-price appreciation. For non-home owners, that's bad news. But for home owners, that's building wealth.”

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    I Like this quote I dislike this quote“A cut...won't affect the 30-year fixed mortgage rate at all. According to Freddie Mac, the 30-year fixed rate was 6.8 percent last week, and we think it'll stay about the same. But another interest rate cut could mean a slight drop in the short-term one-year adjustable rate mortgage (ARM).”

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    I Like this quote I dislike this quote“Obviously, many renters have become homeowners as rates have fallen.”

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    I Like this quote I dislike this quote“You need a strong job market with people in their 20s moving out of their parents' homes before rents recover.”

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    I Like this quote I dislike this quote“Home-buying is not a snap decision -- people mentally prepare for it and search for homes, and this is a three-to-four-month process. Plus, even with the rise in mortgage rates, they're still below last year's figure and still close to 45-year lows.”

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    I Like this quote I dislike this quote“A typical household in the past two years saw about a $20,000 gain in equity. That's not an insignificant chunk. Homeowners see that wealth and use it to buy additional goods.”

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    I Like this quote I dislike this quote“People are moving out of these regions to the South and the West. They're putting more supply on the market at the same time there is less demand.”

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    I Like this quote I dislike this quote“The housing market just refuses to stop.”

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    I Like this quote I dislike this quote“The strong rise in prices cut into affordability, even with the low rates.”

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