29 Quotes by John Karevoll

We knew this would happen, and it's happening later than we thought. We thought appreciation was going to come down. We definitely thought the entry and middle markets would be less strong than they are today.

The prices hit a new record, but the rate of increase at which those prices hit that new record was the lowest in four years.

Only if we have very short memories can we say there's a downturn in sales, or at least that sales are significantly low. This is actually as close to a normal market that we've had in seven to eight years.

But when prices don't go up as fast, you don't have that built-up equity like you did before. People won't have that buffer the way they did a year or two ago.

It appears that today's market is probably as close to what we would call normal as we've had in a long time.

I think we are in a fairly normal market here. The market we are comparing to a year ago was an abnormal market.

The rate of appreciation is coming down. We actually thought it would be lower than this by now.

What we're watching for here carefully are signs of a significant downturn, especially for price declines ... There are hiccups here and there but as a whole the market does not seem to be showing any signs of an impending decline.

When people got into trouble, they could tap into fast-building equity. Now that the equity is not building as fast, there's not as much to tap into in troubled times.