Housing Market Trends Quotes

I live in a Spanish-style hillside home in Los Angeles, California. I paid $900,000 in 1995. It's perhaps worth about $3m now. Thankfully, I paid off my mortgage before the crash because I could see it coming. I worried that I would be caught having to pay off a very high mortgage for a house I couldn't sell.

Anyone wanting a new house picks one from among those built on speculation or still in process of construction. The builder no longer works for his customers but for the market.

A Realtor is an old fashioned Real Estate man with a neck tie. A Real Estate man sold you what you wanted, a Realtor sells you what you don't need. A Real Estate man showed you what you could raise on the land, a Realtor tells you what you can build on it.

It is almost impossible to open a newspaper without reading something about the London housing market. House prices are rising at such a rate that the vast majority of Londoners can't afford to buy, are being forced out of the boroughs they grew up in, or in the worst cases, are being made homeless. If nothing is done, people will continue to be driven out of the city and London will cease to be a hub for creativity and entrepreneurship.

Housing traditionally is not viewed as a great investment. It takes maintenance; it depreciates. It goes out of style. All of those are problems. And there's technical progress in housing. So, new ones are better. So, why was it considered an investment? That was a fad.

We’ve never had a decline in house prices on a nationwide basis. So, what I think what is more likely is that house prices will slow, maybe stabilize, might slow consumption spending a bit. I don’t think it’s going to drive the economy too far from its full employment path, though.

House prices have risen by nearly 25 percent over the past two years. Although speculative activity has increased in some areas, at a national level these price increases largely reflect strong economic fundamentals.

I'm not sure most of the people that get caught up in the middle of a bubble can be described as irrational. It seems pretty rational to buy a house and flip it in the next few weeks at a profit when that's been happening for along time.

Home staging used to be optional. Today, it's a necessity in selling a house.

I'm not a housing market expert, and I don't want to pretend to be one.

With housing it's something even more dramatic than that, because most people aspire to own their own home.If you really think that houses prices are going to go up next year and the year after, you feel if I don't buy it this year, I'm going to have to buy it next year.That's not true of an Internet stock. But it's true of a home.

I tried all my life to make housing affordable. The more affordable the house, the more money I make.

So from the housing standpoint, steady as you go, I think, would be the best medicine.

I was just looking at moving to Cambridge, and a house I was looking at cost a million dollars. Because somehow, that's what a house costs. And I was thinking, "How can it be?" And I was thinking, "What am I doing? Am I going to be Niall Ferguson, that horrible man?