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Letter "J" » John Karevoll Quotes
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«The million-dollar cycle hasn't completely played itself out in the more affordable areas, which include the Inland Empire. There is more to happen there.»
Author: John Karevoll
«We've had a doubling of prices in the last four years.»
Author: John Karevoll
«San Diego has easily been the county with the most (conversion) activity.»
Author: John Karevoll
«These numbers include condo conversions and (that) activity increased sharply last year. Since they are lower-cost homes, they pull down the median.»
Author: John Karevoll
«When people got into trouble, they could tap into fast-building equity. Now that the equity is not building as fast, there's not as much to tap into in troubled times.»
Author: John Karevoll
«But when prices don't go up as fast, you don't have that built-up equity like you did before. People won't have that buffer the way they did a year or two ago.»
Author: John Karevoll
«Each market is separate, but most of the areas are developments that are at the low end of the cost scale. These are mostly entry-level houses. If you look at the last seven years in the Inland Empire, the entry-level market has been playing catch up. The [appreciation] cycle starts at the high end and then moves down to the middle market.»
Author: John Karevoll
«The frenzied period is behind us. But that's good, from a market point of view. The abnormal market was the one we had a year or two ago.»
Author: John Karevoll
«The rate of appreciation is coming down. We actually thought it would be lower than this by now.»
Author: John Karevoll
«The market was heavily tilted toward sellers for the past couple of years, and the buyers felt an element of urgency and sometimes were making kind of desperate buying decisions. The market today is much better if you're a buyer.»
Author: John Karevoll
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