A lot of people who over-improved did a cash-out refinancing when rates were at a low, expecting housing prices to continue going up and up. But in some places, like the Midwest, prices have already stopped climbing.
Sal Alfano
Related While there are a lot of people who are going to be selling or thinking about getting out, housing d... CHARLES COLGAN All forecasts are for interest rates and mortgage rates to go up a little bit again this year. It co... KATHY DECK One of the reasons we had the housing market surging ahead was because of the low cost of borrowing ... ALAN GIN The spending spree is over. Take that ATM off the front of your house. You're not going to be able t... JACK ABLIN California cannot continue to sustain skyrocketing housing prices that have ballooned over the last ... ALAN NEVIN Our lot prices last year were about $50,000 to $60,000 under comparable lots in Canby and Oregon Cit... DICK BAILEY They took a sharper run up in prices, so it makes sense that there's a decrease there. Some people h... ALAN GIN There's a lot of cash from retirement savings either propping up share prices already or sitting on ... DON HAMSON Competition leads to higher prices, and rapid changes in real estate prices may result in an adverse... RYOSUKE HOMMA This deregulation frenzy was predicated on low gas prices, and when gas prices go up it does not wor... JANEE BRIESEMEISTER The hype is off the housing market. Prices are high. Interest rates are climbing. Housing needs to c... JAY BUTLER As long as housing prices don't go down, consumers have more equity they can borrow against. If mort... PETER MORICI [Increased interest rates might also mean a smaller pay raise as well as a more gradual increase in ... DAVID ORR Like any vibrant economy, the house prices have gone up. But more than that, we're facing a bit of a... LINDA WALLACE It's sort of like a teeter-totter; when interest rates go down, prices go up. BILL GROSS I don't think you can make a mistake in places like L.A.. The prices are ungodly, but they're only g... DON SMITH The increase in inequality in income is a longtime trend, but the pressure on middle- and low-income... ALICE RIVLIN This comes at a real bad time. We're already battling drought and raging wildfires and this thing co... WILL SKAGGS People were thinking about this all weekend, about the prices going up, and maybe some people are a ... GIRI CHERUKURI The pull back in housing remains orderly, at least in the existing market. But the red flags are up.... JOEL NAROFF As soon as the gas prices jump, then people are in here looking at the hybrids. If prices drop a lit... BILL SPENCER Increasing home prices and the ability of consumers to cash out their growing home equity has been a... DENNIS JACOBE If commodity prices are no longer going up then food prices in the grocery store will no longer go u... MATT MARTIN The prices have already gone up. ARLINE HUCKABAY Gosh, it's awful. This comes at a real bad time. We're already battling drought and raging wildfires... WILL SKAGGS If last spring, Clarksville had hedged some of its gas requirements for the winter when prices were ... MARK MCCUTCHEN If last spring Clarksville had hedged some of its gas requirements for the winter when prices were r... MARK MCCUTCHEN There are a lot of different things going on than there was ... People talk about a bubble in housin... JAMES PAULSEN House prices in San Diego have risen much more rapidly then in the U.S.. But, I think we can explain... RICHARD GREEN Zinc prices are up on low capacity utilization rates at Chinese zinc smelters due to concentrate sho... INGRID STERNBY It boils down to housing affordability; mortgage rates have risen, but they're still historically ve... SUNG WON SOHN The prices all of us pay for insurance in 2002 may be a little higher. Prices were already firming u... JOSEPH ANNOTTI The prospect of demand growth and low inventories will continue to drive prices going forward. INGRID STERNBY If rates move up, housing will move down. But as long as we see relatively low interest rates and em... GREGORY GIEBER In the 70s, high oil prices were a shock... People woke up, but then they relaxed. COLIN CAMPBELL The incomes of working families simply have not kept pace with rising housing prices. And this is de... JEFFREY LUBELL Last year when gas prices reached over $3 a gallon because of Katrina, people stopped driving. It co... ART KINSMAN We did have people fall out because of prices. But those people were replaced within hours. We're no... FRANK DAGOSTINO This increased housing market activity has clearly led to some recent firming in house prices, and t... HOWARD ARCHER Your prices have historically been the low prices in the state. It's painful sometimes when it chang... LYNTON ALLRED If you look at the housing market and say, are housing prices going up where job growth is high, whe... EDWARD LAZEAR The Canadian dollar is seen as a commodity currency and metal prices have been going up across the b... TOM VOSA People have kind of panicked and they're waiting in long lines because they're afraid the prices are... JAN VINEYARD People who calculated what they could afford when rates were 5.25 percent have realized their mortga... ANTHONY HSIEH March is typically a time of year when prices start to go back up. Spring break really makes people ... CLAY INGRAM As long as low rates remain, housing is going to continue to do better than expected, GREGORY GIEBER Some properties doubled in price overnight. People were bidding up prices, not even caring about the... BEN JOHNSON (SALES) We are starting to see a change in consumer behavior. Consumers are cutting back because of high pri... MICHAEL FITZPATRICK Prices for existing housing will continue to trudge up a little bit, by 5 percent to 7 percent a yea... MARK RIEDY People were desperately trying to fill their seats for the summer. And so prices are really low righ... DAVID NEELEMAN We realized people were moving to club stores and retailers that offer consistent, low prices so we ... JO NATALE Supply and demand continue to drive this market out here, more so than interest rates. Interest rate... DAVE NASH Some investors have returned to pick up the stock at bargain prices. ANDREW TO We don't know if that's going to cause some people to change their minds. Historically when gas pric... CAROL THORP It won't affect prices at all. We anticipated the fluctuation in fuel prices when we set our rates. BILL SWANK While housing prices and margins may be climbing to stratospheric levels, it is important to recogni... STEPHEN KIM At some point in the future, California probably will have another big housing recession. It is poss... DAVID BERSON Low mortgage rates continue to fuel the housing market, making homeownership more attainable to a br... FRANK NOTHAFT The perception is that rates are going up, and people are lining up to buy homes because of that. It... CARL WEINBERG It's like simulating earthquakes: we can over and over study a bubble, crash, bubble, crash. The... COLIN CAMERER They have already raised (rates) a couple of times. It's not a lot, but it adds up. JOHN MILLER The strong rise in prices cut into affordability, even with the low rates. LAWRENCE YUN When gas prices go up 5 cents a gallon, that's maybe an extra $10 a week out of consumers' pockets. ... MARSHAL COHEN The prices are soaring. With the end of final government oversight of cable rates, the prices will c... GENE KIMMELMAN Maybe buyers were scared they'd be getting into the market at too high a price. It may also be that ... DENNIS DOYLE Looking forward, a projected slowing in housing construction in North America is expected to keep wo... EARL SWEET Price growth is on a softening trend and we continue to believe that the outlook for the housing mar... GEORGE BUCKLEY There's an issue lurking that is new to us, and that is the rapid escalation of home prices. Last ye... LEE MCPHETERS A lot of the good news is already priced into the Canadian dollar. It's possible before the year is ... GREG GIBBS Both new and existing home sale prices over the past few months have already been trending downward.... GINA MARTIN Television networks don't deliver the audiences that they did a year ago or five years ago and yet (... BRAD ADGATE People understand the whole low price idea, they know where to get low prices. But if they're lookin... CHARLES FISHMAN It's the kind of market now where (investors) have to get out -- to lighten up, ... Interest rates a... ELLIOT SPAR Motorists have not seen the end of price increases. Investors are buying into crude and gasoline fut... CAROL THORP The strength of the housing market this year continues to surprise, despite rising home prices and s... GREGORY KLUMP It's going to cost the average household $600 more a year just to put gas in their car. Ticket price... DAVID SWENSON Because the market was so hot, investors were buying everything. It was like a frenzy with prices go... KAREN PALMER If gas prices go up, the consumer is going to be a little tighter than they were. ROBERT JOHNSON [Katrina, however, knocked out a substantial portion of the nation's petroleum infrastructure, espec... CRAIG JOHNSON Core prices are at a little higher pace than the Fed is comfortable with, but they're certainly not ... GINA MARTIN Since Christmas, there has been a 14 cent increase locally in crude oil prices. At this point it loo... BRYANT GIMLIN Some of our test wells are looking good. Natural gas prices continue to go up. Demand is going to in... MARK BOTTRELL Predicting what is going to happen in the next month is difficult. Prices probably will go up just b... ROB SCHLICHTING The focus this year will be on how effective companies are at cutting costs as oil prices will conti... ALAN RICHARDSON It's a good way for the utility to spread the cost out over time and at a time too, when interest ra... BRIAN YOUNGBERG Prices are in the toilet. Everything I've read and everyone I've talked to in the industry, they all... CHRIS KELLEY Gold prices are going up thanks to the concerns over high international oil prices that are rising m... TANVIR ABID We continue to be in this trading range, at the lower end right now, ... The only catalysts that can... JOSEPH BATTIPAGLIA The last couple of weeks when gas prices got up to $3 a gallon, we had a lot of people come in and a... CARLOS GONZALEZ Prices have gone up in the U.S. but for us at least we have not seen a change in buyer behavior, HELMUT PANKE It's a pretty straightforward case of weak equities helping bonds. But there's still the feeling tha... ANTHONY KARYDAKIS The dollar is a mess, interest rates appear to be on the rise, oil prices are going up and some earn... DAVID PEARL How lucky I am to have known somebody and something that saying goodbye to is so damned awful. EVANS G. VALENS Over the past few weeks, crude prices and gas futures have dropped and increased and dropped. Until ... ART KINSMAN We anticipate the Fed will continue to raise rates at least at the next two meetings. The report doe... DAVID GLOCKE We're stalled. When you see oil prices back up to their high, you've seen gold hovering around $600 ... JULIE BROUGH There may be a correction in Singapore housing prices. The housing price index is reaching the peak ... ZENG HAN JUN When the barrel prices go up, the prices at the gas stations go up. And you know the fuel at the tan... DOROTHY JONES You have gasoline in Europe at $5, and in the United States at $2.20. Eventually, it's going to have... BOONE PICKENS We're already in a situation where prices have gone up so much that the working guy is having a toug... BRAD MONROE
More Sal Alfano
These days, projects are expensive. You don't have to do a lot of remodeling to spend a lot of money... SAL ALFANO When something goes wrong -- and it always does -- you'll appreciate working with someone you feel c... SAL ALFANO Whenever you make changes it costs extra money. SAL ALFANO Coverage of golf's most prestigious tournament was filled with odes to Augusta, plus numerous shots ... PETER ALFANO The first thing a television viewer realizes when watching a golf tournament is how the sport tends ... PETER ALFANO Coverage of golf's most prestigious tournament was filled with odes to Augusta, plus numerous shots ... PETER ALFANO One almost expects [one of the players] to peer into the monitor and politely request viewers to ref... PETER ALFANO He still had the wallet, and it had the victim's identification in it, VINCENT ALFANO The victim said the man approached her and said, 'Can you tell me where there's a liquor store aroun... VINCENT ALFANO They're being honored for their mutual acts of bravery, in essence, for saving each other's lives, .... VINCENT ALFANO We're exploring every possibility, ... I think this will be one of those cases that the evidence rev... VINCENT ALFANO He was very hostile, ... He began to kick and scream. He threatened the officers, telling them they ... VINCENT ALFANO We've been very busy. They're (police officers) running around. We're very short-staffed with people... VINCENT ALFANO He said he was hit in the arm with the hammer, but there were no apparent injuries, ... However, the... VINCENT ALFANO It appears his report was unfounded, VINCENT ALFANO You could be going down the highway and a big chunk of ice coming off your car can damage vehicles b... VINCENT ALFANO I think the naturalistic dialogue in the show and the fact that it feels very easy, very real, allow... JOANN ALFANO When you talk about cost, it isn't about just the bill of materials and the overhead to build and te... DON ALFANO For me, this show feels like the best in comedy and drama. What I responded to is it felt real, for ... JOANN ALFANO We worked really hard to make sure that the stories are compelling and that the characters come thro... JOANN ALFANO One minute, it seemed I had more movie offers than I could handle; the next - no one wanted me. SAL MINEO I made some good pictures, and I made some bad ones. I wasn't trying to build an image, though; ... SAL MINEO It would be easy to blame Hollywood to say that I was typed and forced to play the same role over an... SAL MINEO No one ever said movies are for developing your range. Hardly anyone gets that opportunity. Which is... SAL MINEO I'll never be mistaken for Pat Boone. SAL MINEO We are pleased with our fourth-quarter performance and appreciate the hard work of Symbol associates... SAL IANNUZZI Set forth no limits, keep in mind that your potential is boundless. SAL MARTINEZ War doesn’t happen by accident or because of hatred; it is manufactured at the hands of the greedy... SAL PALLADINO Peace will never come about unless you find peace of mind. SAL PALLADINO If you want to find truth, be yourself. If you want to find love, love yourself. SAL PALLADINO My favorite place to be is in dreams whatever that means. SAL PALLADINO Sometimes I want to walk right off Earth’s edge but I keep finding myself walking around. SAL PALLADINO If you think you know all the answers well then you forgot to answer all the questions. SAL PALLADINO Find something you love to do in life or else you’ll just find yourself relentlessly scrounging ar... SAL PALLADINO Getting older is about dropping your old ways in front of you forming a new pathway to walk on towar... SAL PALLADINO I'll never be mistaken for Pat Boone. SAL MINEO One of the first things [Northwest] would relinquish would be the antitrust immunity with KLM. KLM a... SAL COLAK Nobody is perfect but me and you together is. SAL PALLADINO Our union has contracts with more than 300 different employers, and it is easy to say the least turn... SAL ROSSELLI The IPO market is all about windows opening and closing. These all came out when the window was open... SAL MORREALE A revolution in the eyes of man carries purpose. A revolution in the eyes of the awakened carri... SAL MARTINEZ Certainly it was tough to lose, it was a great game though and I credit Amity because they played a ... SAL FOLLO You are talking about a company that is marginally profitable, SAL MORREALE SVI is tantamount to taking IBM's partnerships to the next level. SAL PATALANO It is a challenge when you only have three defensemen and sometimes they have to play both ways. The... SAL FOLLO You always wonder how your career could've gone. I wish I would've had the opportunity to play every... SAL FASANO That was a big blow to our offensive and defensive lines. He was our biggest lineman. We had to put ... SAL MORELLO We are working with the Computer Club for help with wireless Internet access. SAL LIBERATORE With incomes outpacing spending I think American consumers will keep spending like crazy going into ... SAL GUATIERI In Rochester, a friend of mine crashed his police car the second day he had a computer in it. They c... SAL TRENTANELLI The tests were inconclusive. We're having additional tests done by Cornell University, and I'm hopin... SAL SINATRA Congresswoman Lee is a long-time advocate for both working people and patients. Her intervention at ... SAL ROSSELLI We contacted prime support customers by phone and e-mail. SAL VIVEROS