April 16, 2004

Quote of the Day: Huh?

"We expect the demand for single-family homes to remain quite strong in coming months, despite the rise in long-term mortgage rates, as growth in employment and household income accelerates. Indeed, the economic and demographic foundations for housing are very solid, supporting both home sales and house prices. Theories of house price 'bubbles' are bound to be discredited in the process." National Association of Homebuilders chief economist David Seiders


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