Gary Thayer Cooling Quotations

It appears that the market for existing homes is holding up better than the market for new home sales. We are still concerned about the housing market cooling off.

The October home sales data were strong, but we are seeing more moderate price increases for new homes suggesting that the housing market is gradually cooling off.

If sales can be sustained at this level, that would help support housing construction, but inventory of new homes is still increasing. The housing market is cooling off, but not dropping sharply.

The housing market is cooling off, but not too much, and inflation looks relatively benign.