16 Quotes by Jay Butler

With the rapid increase in home prices, followed by fairly stable interest rates and income, affordability is dropping like a rock.

Lot of people are saying they hate to see it close down.

Most people buy homes for their family. But if you're driving an hour each way to work, that's 10 hours a week. How much time are you really spending with your family?

One month does not make a trend. The pace has been so strong the last couple of years that they've outstripped physical production and worn out physical resources. There may be a desire to extend the market by constraining it now.

People went for more affordable concepts of home ownership.

Most of the investors are gone, and traffic is down in home builders' sales trailers. Just look at all the ads. Builders are trying to move homes fast.

We have all these hits on disposable income, and we turn around and say we don't have to worry about higher home prices. Give me a break.

There has been a lot of interest in this auction.

You had a 40-plus percent run-up in home prices but not in incomes. That causes serious trade-offs.