TITLE

Housing Guru Sees Soft Landing

PUB. DATE
January 2006
SOURCE
Home Textiles Today;1/9/2006, Vol. 27 Issue 16, p42
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reflects on the reaction of the U.S. National Association of Realtors chief economist David Lereah about the decrease in national housing market's income due to higher interest rates and high housing prices in the U.S. Lereah compared the present condition of the housing market with a balloon. He explained that housing prices were just like the air in the balloon that expands and shrinks.
ACCESSION #
19370071

 

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