"Interest rates are going up and the housing sector is getting squeezed out in the traditional pattern," said Richard Peach, senior economist for the Mortgage Bankers Association.
"The economy is staging a recovery," said Richard Peach, deputy chief economist at the Mortgage Bankers Association.
"What's encouraging is that we seem to be at the bottom," said Richard Peach, an economist at the Mortgage Bankers Association.
The voice was provided by Richard Peach, a former ABC broadcaster.
Richard Peach (1949-2008) was an Australian Broadcasting Corporation news anchor, and the voice of the Australian speaking clock.
"The primary factor behind the increase is lower mortgage interest rates," said Richard Peach, an economist with the Mortgage Bankers Association.
Richard Peach, an economist with the Mortgage Bankers Association, predicted that mortgage rates would head higher still, climbing above 12 percent by mid-1988.
But the "market is still soft," said Richard Peach, an economist at the Mortgage Bankers Association.
Richard Peach, senior economist for the Mortgage Bankers Association, said he expected the present quarter to show similarly strong growth of about 3 percent.
"We're getting killed by high interest rates," said Richard Peach, deputy chief economist for the Mortgage Bankers of America.