David Lereah Three Quotations

Since April we've experienced three out of the four strongest months on record for existing-home sales, and August was the sixth highest. We're at a more sustainable level now, but long-term there should be some additional easing toward the end of the year. In fact, the August sales pace is close to what we project for total sales this year.

We got to 6.6 sooner than I expected. I hadn't expected that for two or three months.