It looks pretty clear that sales volume will decline from record level but will still be high while prices will continue to go up.

Even with the higher number of residential sales in March, total sales for the first quarter showed a small decline from last year. This reduced demand, along with the renewed availability of housing, means that the market is moving forward on its path toward stabilization.

That's just the continuing trend. We believe the price will continue to be up even in the face of fewer sales.

It sounds like a pretty weak start. It will be important to watch how sales are in the last week before Christmas.

Combined with the fact that today's retail sales data point to a surge in July personal consumption, this means that the consumer entered Q3 with substantial momentum.

We have to do better than we have done, ... It's like a sales forecast, you have to do better than you have done in previous years. I think we have to focus on what you're trying to do here.