David Lereah quotes:

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.

We are really on track for a soft landing. There are no balloons popping.

The continuing shortages of housing inventory are driving the price gains. There is no evidence of bubbles popping.

The drop in pending home sales is an affirmation that we are experiencing a modest slowing in the housing sector.

Real estate is still a great investment opportunity for households. Price appreciation will continue. It may not be at 20%. It may ... even go down to 5%.

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.

With sales stabilizing, we should go back to positive price growth early next year.

If you paid your mortgage off, it means you probably did not manage your funds efficiently over the years,

...housing activity will remain healthy for some time to come.