13 Quotes by David Berson

I was surprised that the sales numbers went up, even with the good weather. It doesn't change our view that the general trend in housing activity is downward.

Fortunately, continued job and income growth and the overall economy growth will help to offset the fall in housing activity that otherwise would occur.

We can't find a period when the investor share of home sales has been higher than in the last year. In the fourth quarter, it looked like investors were starting to step back.

We don't have enough data to know how big a problem this will be.

We'll still be doing a lot of this content. It just won't be in a stand-alone show.

We obviously track the mortgage activity and understand that overall share, but we don't focus on how many homes are being purchased by investors without a mortgage. That could be a more interesting part of the housing picture.

We expect housing activity to drop about 8 percent this year -- it's primarily because of the investors' slowing purchases.

There's no sign that investor demand has softened at all. The things that would have caused a slower housing market, such as higher mortgage rates, simply aren't present, and we're now almost halfway through the year.

The bulk of the decline in home sales this year will come from investors leaving the housing market. If home price gains have peaked, as we expect, and financing is more expensive, investors are going to find someplace else to put their money.