26 Quotes by Lawrence Yun

Sellers are stubborn. It takes a long time for sellers to adjust their expectations.

So long as the South remains affordable and the number of available jobs remains steady we forecast continued growth in Atlanta.

Obviously, many renters have become homeowners as rates have fallen.

I am confident in saying Atlanta will continue to see growth over the next year. The Atlanta area is less sensitive to changes in the housing market right now.

What we had in the past couple of years was an unprecedented frenzy of activity. That's what we're seeing: A decline from a frenzied, unsustainable rate.

People are moving out of these regions to the South and the West. They're putting more supply on the market at the same time there is less demand.

People have been saying that for 20 years. But in San Francisco, it's very difficult to build, so there's a supply constraint. Seattle is also encountering a supply-constraint situation.

Nationwide, the numbers clearly indicate the market is cooling, but cooling from the record sales pace in 2005. Now, we're experiencing what we characterize as healthy levels.

We have been monitoring several markets where there could be significant stress due to the market correction. Chicago is not on that list.