Steven Ricchiuto Quotations

Maybe the tone will give us some sense of whether its June or August that the Fed will raise rates.

There is more uncertainty because the Fed keeps saying they're concerned about inflation.

There's nothing new from what we saw in the statement -- the downturn in growth is temporary, policy is still accommodative and they can remove stimulus at a measured pace.

You're seeing buyers cut their prices to get their homes sold on the existing side of the market, but the price declines are not as bad for new homes.