Housing Market Quotes

• Our economy isn't going to recover until the housing market finds its footing.

  Mark Zandi

  Economy, Housing

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• Too-easy credit and millions of bad loans made during the U.S. housing bubble paved the way for the financial calamity and Great Recession that followed. Today, by contrast, credit is too tight. Mortgage loans are particularly hard to get, creating a problem for the housing market and the broader economy.

  Mark Zandi

  Creating, Credit, Today

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• Help for first time buyers and other housing market measures will be welcome.

  Andy Sawford

  Firsts, Helping, Welcome

  "The budget: we pick the key points for local authorities" by Andy Sawford, www.theguardian.com. March 23, 2011.

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• The financial crisis of 2008 was not caused by investment banks betting against the housing market in 2007. It was caused by the fact that too few investors - including all of the big investment banks - bet too heavily on the housing market in the years before 2007.

  James Surowiecki

  Years, Facts, Financial

  "The Goldman Hearings: Levin vs. Wall Street". www.newyorker.com. April 27, 2010.

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• The key to house prices is the share of foreclosure or short sales in the total housing market. When that share rises, house prices will fall, because distressed properties sell for significantly less - currently around 25 percent below non-distressed houses.

  Mark Zandi

  Fall, Keys, House

  16 Copy quote

• Although housing sales and starts have cooled to more typical levels, the housing market remains strong and sound. Without the expansion of homeownership and the strength of our housing market, our nation would not have the economic growth we are experiencing today.

  Randy Neugebauer

  Strong, Growth, Typical

  8 Copy quote

• With all the challenges in the housing market, it's clear we need a new vision for the way we design our homes, our communities-and even our lives.

  Sarah Susanka

  Home, Community, Design

  17 Copy quote

• When I bought my house in L.A., that was the best business decision I ever made, until the housing market crashed, and it became the worst business decision I ever made.

  Michael Ealy

  House, Decision, Best Business

  Source: www.pittsburghurbanmedia.com

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• While rising delinquencies and foreclosures will continue to weigh heavily on the housing market this year, it will not cripple the U.S.

  Ben Bernanke

  Years, Rising, Delinquency

  "Explaining FinReg: Shadow bank runs, or the problem behind the problem". voices.washingtonpost.com. June 20, 2007.

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• The way the housing market imploded is obviously not an easy thing to explain. It's a little bit easier in a book - people can take their time, you can sort of go back and reread - but in a movie you've got two hours to not only explain things like collateralized debt obligations, but you also have to make it entertaining.

  Kelly McEvers

  Book, Two, People

  "On The Money: How 'The Big Short' And Its Jerk Heroes Explain Finance". "All Things Considered" with Kelly McEvers, www.npr.org. December 11, 2015.

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• It is almost impossible to open a newspaper without reading something about the London housing market. House prices are rising at such a rate that the vast majority of Londoners can't afford to buy, are being forced out of the boroughs they grew up in, or in the worst cases, are being made homeless. If nothing is done, people will continue to be driven out of the city and London will cease to be a hub for creativity and entrepreneurship.

  David Lammy

  Reading, Creativity, Cities

  4 Copy quote

• After political crusades for 'affordable housing' ended up ruining the housing market and much of the economy with it, many of the same politicians are now carrying on a crusade for 'affordable health care.' But what you can afford has absolutely nothing to do with the cost of producing anything. Refusing to pay those costs means that you are just not going to continue getting the same quantity and quality - regardless of what any politician says or how well he says it.

  Thomas Sowell

  Mean, Political, Quality

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• Having spent years ruining the housing markets with their interference, leading to a housing meltdown that has taken the whole economy down with it, politicians have now moved on into micro-managing automobile companies and medical care. They are not going to stop unless they get stopped. And that is not going to happen until the voters recognize the fact that political rhetoric is no substitute for competence.

  Thomas Sowell

  Taken, Years, Political

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• If you like what Wall Street did for the housing market, you'll love what Wall Street is doing for commodities. Goldman's ability to influence any portion of the price for a key component of the industrial economy is simply unacceptable.

  Carl Levin

  Love, Wall, Keys

  Carl Levin's opening statement before U.S. Senate Permanent Subcommittee on Investigations on Wall Street Bank Involvement With Physical Commodities at Dirksen Senate Office Building in Washington, D.C., www.hsgac.senate.gov. November 20, 2014.

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• Mitt Romney and I don't agree on every issue and certainly housing is one of them. When you look at what is going on here in Southern Nevada, you can't say you got to let the housing market hit bottom. We have been bouncing along the bottom for years. And the fact is we have to do everything possible to: 1) keep people in their homes and 2) get people who are out of their homes back into their homes.

  Joe Heck

  Home, Years, Issues

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• Well, Mark, I led the charge for five or six years to get reforms for Fannie Mae and Freddie Mac. I was chairman of an organization called 'FM Policy Focus.' What we were saying was, if there was blip in the housing market, Fannie and Freddie would destabilize the greatest economy in the world.

  J. C. Watts

  Years, Organization, Focus

  "Gingrich Picks Up Endorsement From J.C. Watts". "Hannity" with Mark Steyn, www.foxnews.com. December 26, 2011.

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• The impact of the downturn is starting to feel very real. House prices and the housing market have been taking the knock for some time and that's affecting people.

  Lucy Powell

  Real, Impact, People

  "Economic bail-out aims to restore confidence for small firms and savers" by Lucy Powell, www.theguardian.com. October 10, 2008.

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• So much value has been lost in the housing market that people are now buying. If there's any activity in the housing market, it's because values have plummeted to such depths that the 47% can now afford to live in a government-purchased house, or something like that.

  Rush Limbaugh

  Government, People, House

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