Cycles Quote by David Lereah
“Home sales are coming down from the mountain peak, but they will level out at a high plateau - a plateau that is higher than previous peaks in the housing cycle.”
About This Quote
Source Speech: Housing Market Outlook, National Association of Realtors, 2023
Housing prices will decline from a peak but settle at a higher level than past cycles, indicating a new baseline.
In simple terms: Prices will fall then stabilize higher than before.
Key Takeaway
Expect a higher baseline after the dip.
Themes
housing market
economics
cycles
Mood
cautious
optimistic
Type
analytical
forecast
When to use this quote
- homebuyers
- real estate investors
- policy makers
- financial planners
Key Concepts
price dynamics
market equilibrium
real estate cycles
Questions to Reflect On
- How will higher baseline affect affordability?
- What signals indicate a true plateau?
A Different Perspective
If the plateau is temporary, expectations may be misaligned.
![“The steady improvement in [home] sales will support price appreciation...[despite] all the wild projections by academics, Wall Street analysts, and others in the media.” quote by David Lereah](https://sms4smile.com/quotes/img-quotes/de8/david-lereah-41632_analysts_the-steady-improvement-in-home-sales-wil_1759559.jpg)
