Celia Chen Housing Quotations

I do not think this is indicative of housing being strong, but rather that fact that people are expecting rates to rise and they are taking advantage of that.

I think we'll continue to see weaker housing starts, but the slowing will be more modest than the 8% decline we saw in February.

With job loss and credit quality as it is, you would think demand for housing would be more depressed, but it has remained remarkably resilient.

It's pretty clear that housing is slowing. Rising mortgage rates and the very fast rising homes prices are constraining home buying. Homes are still considered affordable, but not as much so as a year ago.

It is very evident that the steam is coming out of the housing market even though rates moved down.