(18 quotes found)
“I'd say housing is overpriced, but whether or not that implies that prices are going to crash is a different question.”
“There might be some seasonal reasons for the construction losses, but the decline could be a sign that our overall employment growth is slowing.”
“The number of home sales is down, price appreciation on most homes is not as great as it used to be, and it's taking longer to sell homes. That could mean less growth in construction work.”
“I think it shows that the market here is softening a little bit. San Diego was advancing more rapidly than other places and we may be topping out first.”
“What I don't see is a collapse in pricing. To get a collapse ... there would have to be a big job loss where people are forced to put their houses on the market for distress sales.”
“With less appreciation, consumers will be less able to tap into home equity loans to finance their purchases, which could put a damper on the national economy.”
“They took a sharper run up in prices, so it makes sense that there's a decrease there. Some people have been priced out of the housing market, but others are waiting.”
“More than 30 percent of the job growth is in leisure and hospitality, and those jobs are not high paying. So there is a little bit of a worry about job quality.”
“Generally good news in terms of San Diego, we will outperform California and the rest of the nation.”
“Another gas price spike would be serious.”
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