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Celia Chen Quotes

Currently viewing quotes 1 - 9 of 9 by Celia Chen

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"Mortgage lending is an opportunistic business and when business declines, the instinct is to consolidate to become more efficient, and that is what we are seeing."
-Celia Chen
"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."
-Celia Chen
"In order to purchase a home, a lot of people have to resort to risky mortgages."
-Celia Chen
"There is a strong push among immigrants to purchase homes. About a decade ago, this country had a surge in immigrants who have only recently begun the home buying process."
-Celia Chen
"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."
-Celia Chen
"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."
-Celia Chen
"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."
-Celia Chen
"We see a slowing in home-price appreciation. But some markets could see a significant decline."
-Celia Chen
"During the holiday-shortened week, the MBA may have overcompensated its seasonal adjustment of the data."
-Celia Chen
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