Mark Vitner Folks Quotations

What happened in March, if you were thinking about buying a home this spring and you thought rates were going to rise, you may well have rushed into the market. The weather cooperated as well, making it easy for folks to get out and shop, particularly in the South.

With so many folks sensing that interest rates were rising, we probably had some sales pulled from April into March,

If folks correctly see the economy is booming in Florida, they'll make their way down to the Sunshine State and take a job. Maybe they'll stick around a while and fix a roof while they're here.

It confirms that this recession in 2001 was not particularly mild or as short as some folks had thought, ... We were expecting at least two negative quarters, and the fact we had three is a little bit of a surprise. That helps explain why we're having so much difficulty generating some positive momentum right now. The economy was weaker than we had thought.

Some folks will be quick to jump on this morning's data as a sure sign that the next move by the Fed will be to cut interest rates. Such talk is still way too premature.