Franklin Raines Quotes

The most critical factor subduing the demand for housing is that home ownership is no longer seen as the great, long-term buildup in equity value it once was.

I sat down and collected all of our eleven sales for the past six months and I added them all together and divided by eleven. I then took that average and presented it as the average price for a Manhattan apartment. The media ate it up.

By the late 1980s people realized that houses did not always appreciate and that they could fluctuate like any other market commodity.

Fifty years ago or a hundred years ago, generally, most people would buy a house the way you buy a car. When you buy a car, do you think, 'I better buy this year rather than next year because car prices might go up?'

People aren't as impressed by homes anymore after they saw how they collapsed in price with the financial crisis.

If the economy grows, housing gets better, quicker.

I'm telling you that there is no silver bullet to keep home prices from going down or to prevent all foreclosures.

You may not like the idea of putting money into a home when you're moving out. But it's demanded by the market. You need to show it off. You don't have to rip out the kitchen and bathroom. But maybe replace the tiles or the countertops. Get professional advice.

The problem with real estate is that it's local. You have to understand the local market.

A housing renaissance has begun. This may be hard to believe after the dizzying, six-year-long crash in home sales, construction and house prices. But housing turned the corner last year, and it will take off in 2013.

The most influential factor in selling a home is always price. Don't build 'wiggle room' into the asking price. There's a price war out there and you have to win it from the get-go.

Buying a home wouldn't make much sense if house prices were likely to decline further; no one wants to catch a falling knife.

A home is a home, and excess supply leads to prices falling.

There's never been a better time to sell properties.

I always felt very secure and very safe with real estate. Real estate always appreciates.

Housing has led our nation's economic expansion over the past few years, accounting for 16 percent of our Gross Domestic Product. New housing starts and home sales hit record levels from 2003 through 2005.

Our economy isn't going to recover until the housing market finds its footing.

I think homes are a palpable form of investment, and I understand them.

In Sydney, we always have a deficiency of housing. So that's one good thing, which will cause real estate to keep going up. Not fast, but it'll go up.

Land values are going up a lot in Sydney, but it's feasible to build because prices are going up, too.

The best time to buy a home is always five years ago.

People feel a great deal of their wealth or lack thereof in their home value. Despite the fact they're living there and not going to sell it per se, it does have a big psychological effect.

On average, you will pay less for a home on a Monday than you will on a Saturday and a Sunday.

I don't think the market can keep going up. In the U.S., we see real estate not going up.. houses are selling at lower prices. You can't have anything going up 10 percent to 20 percent to 30 percent indefinitely.

For all the huffing and puffing of the doubters, a home of our own is still the rock on which our hopes are built. Price appreciation aside (and most houses will appreciate, eventually), homeownership is a state of mind. It's your piece of the earth. It's where a family's toes grow roots. It's where the flowers are yours, not God's.