Kathy Deck
Kathy Deck
call coming definitely folks healthy heard note office reality retail space
We definitely heard a note of what I would call healthy reality from some of the folks this time. There's a lot of office space in Bentonville and a lot of retail space coming online.
demand expecting increasing prices rate rising slow stop supply
When supply and demand are out of whack, usually we see prices adjust. So, we have been expecting that prices are going to stop rising at the rate they have been, and there will be a slow down in the increasing prices.
caution demand folks involved
While demand is still very strong, this is a caution to all the folks involved in residential construction out there.
based largely negative people responses results saying study surprised survey
Frankly, I was surprised by our survey results based on what you hear. I'm not saying some people didn't say negative things, but the responses to our study were largely supportive.
announced coming continue space terribly watching
I don't think it is terribly surprising, as we have been watching all the announced projects. I think we will continue having a lot of space coming on the market.
far houses instead lots market month people per
But even with 1,100 people per month instead of 1,000, we still have far too many houses and lots on the market right now.
cheap credit market period relatively sort
We have had such cheap credit for a relatively long period that there may be some sort of market fatigue.
largest missing properties sample
We know we have the largest properties in the sample and what we are missing is going to be very small.
increases inventory price seeing serious
We are seeing some serious imbalances in the market. When you have price increases with inventory increases, something's got to give.
both decline gradual increases leading limb possibly predicting seeing slowing smaller
We are seeing smaller increases in both than we have previously. But it can be a gradual process. We are predicting and we are going out on a big limb here a slowing of the increases, possibly leading even to a decline in the future.
bought buy folks house
A lot of folks who wanted to buy a house have already bought a house.
bottom drop
Something is going to happen. It's not like the bottom is going to drop out, but we have to watch.
area continuing demand growth slowing
Demand is strong. We are continuing to see this spectacular growth in the area and it is not slowing down.
added continue seen
But it can't continue indefinitely. Overall, in the year, we have seen availability added to the market.