Mark Zandi Quotes

Quotes about:

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

  Mark Zandi

  Economy, Housing Market, Housing

  52 Copy quote

• Potential home buyers have a two-step decision process. First, they determine whether they can afford to make a purchase - does their income safely cover their mortgage payment? Then they determine whether owning is a better financial choice than renting - are the costs of owning a home lower than the cost of renting it?

  Mark Zandi

  Home, Two, Choices

  15 Copy quote

• A housing renaissance has begun. This may be hard to believe after the dizzying, six-year-long crash in home sales, construction and house prices. But housing turned the corner last year, and it will take off in 2013.

  Mark Zandi

  Believe, Home, Years

  4 Copy quote

• If Mr. Trump gets precisely the policies he says he wants, then the economy will suffer a recession.

  Mark Zandi

  Suffering, Want, Economy

  Source: www.washingtonpost.com

  4 Copy quote

• Housing was ground zero for the Great Recession. Between early 2006 and Obama's inauguration in 2009, average house prices fell by a third across the country. In certain areas, including cities as diverse as Akron, Orlando and Las Vegas, house prices fell by more than half.

  Mark Zandi

  Country, Zero, Vegas

  7 Copy quote

• 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

• The discussion in Washington has changed dramatically. I mean, it's no longer a question of should we address entitlements - it's no longer a question of do we need to reduce spending in the future.

  Mark Zandi

  Mean, Needs, Addresses

  4 Copy quote

• Predicting recessions is indeed a dark art, but I think we are several years away from the next one.

  Mark Zandi

  Art, Dark, Thinking

  Source: www.washingtonpost.com

  4 Copy quote

• It has become fashionable to rail against government intervention in the economy, and the FHA is a favorite example by those trying to show the government's overreach. In reality, the FHA shows how government action during the Great Recession forestalled a much worse economic fate.

  Mark Zandi

  Fate, Reality, Government

  4 Copy quote

• Our biggest challenge is to eliminate the popular perception that economists don't have anything useful to say.

  Mark Zandi

  Challenges, Perception, Economist

  4 Copy quote

• Investor demand for distressed property has been healthy, as rents rise to levels that can cover investors' costs while they wait for properties to appreciate. Giving investors a small tax break should further juice up demand, supporting prices for distressed homes and the market in general.

  Mark Zandi

  Home, Appreciate, Giving

  4 Copy quote

• The upshot of Mr. Trump's economic policy positions under almost any scenario is that the U.S. economy will be more isolated and diminished.

  Mark Zandi

  Economic, Economy, Trump

  Source: www.washingtonpost.com

  4 Copy quote

• Defaulting on the nation's debt would be cataclysmic. The U.S. Treasury's Aaa rating is the one constant in the world's financial system. When times are bad anywhere on the planet, global investors flock to Treasury bonds because they know they will get their money back.

  Mark Zandi

  Would Be, Debt, World

  6 Copy quote

• I only have two things in my life, my family and work. If there's any time left over, then I play sports.

  Mark Zandi

  Sports, Play, Two

  4 Copy quote

• Indeed, the FHA was born out of the Great Depression, which was also caused in significant part by a foreclosure crisis. Mortgages in the early 1930s were mostly three- to five-year 'bullet' loans, which did not amortize and were due in full at maturity.

  Mark Zandi

  Maturity, Years, Three

  7 Copy quote

• Global central banks are working hard to lift their economies through an aggressively easy monetary policy. The ECB [European Central Bank] and BOJ [Bank of Japan] are buying tens of billions of bonds and other financial securities each month in an effort to stimulate their economies, which is pushing down rates everywhere, including in the U.S.

  Mark Zandi

  Japan, Effort, Each Month

  Source: www.washingtonpost.com

  4 Copy quote

• It is hard to be enthusiastic about the economy's prospects when house prices are falling: Households spend less, small business owners can't use homes as collateral for loans and local governments are forced to cut jobs and programs as property-tax revenue disappears.

  Mark Zandi

  Jobs, Fall, Home

  4 Copy quote

• In a forbearance, the homeowner pays interest and principal on a smaller mortgage, at least for a time, but still owes the full amount. The lower monthly payment helps with affordability, giving stressed homeowners a break.

  Mark Zandi

  Giving, Stressed, Pay

  8 Copy quote

• Distressed properties are often vacant and in disrepair, and thus sold at significant discounts. As the share of distressed sales grows, home prices fall.

  Mark Zandi

  Fall, Home, Share

  7 Copy quote

• At the center of every recession is a serious imbalance in the economy and mirrored in the financial system. Think subprime mortgage and the Great Recession, or the technology bubble and the early 2000s recession. There are no such imbalances today.

  Mark Zandi

  Technology, Thinking, Imbalance

  Source: www.washingtonpost.com

  4 Copy quote

• No one should expect the value of their house to appreciate quickly - counting on your home to be a significant part of your retirement saving isn't a winning strategy - but it is reasonable to expect that prices generally will rise with at least the rate of inflation for some time to come.

  Mark Zandi

  Retirement, Home, Winning

  6 Copy quote

• Lenders look at potential borrowers from many angles before extending credit: How much of its income will a household need to put into debt repayment? How large is the down payment? Does the borrower have a job with a stable income? What is the borrower's credit score?

  Mark Zandi

  Jobs, Doe, Income

  7 Copy quote

• The average credit score of today's FHA borrowers is higher than the average American household with a score. As it becomes more costly and difficult to get a FHA loan, loans from private mortgage lenders will become more attractive and their market share will grow.

  Mark Zandi

  Average, Credit, Today

  4 Copy quote

• The Bush tax cuts should be extended permanently for families with annual incomes of less than $250,000 and should be phased out slowly for those making more than that. Raising taxes on anyone now, when the economic recovery is so fragile, would be a mistake.

  Mark Zandi

  Mistake, Recovery, Cutting

  4 Copy quote

• The Obama administration deserves credit for quickly ending the housing free fall. In particular, Obama empowered the Federal Housing Administration to ensure that households could find mortgages at low interest rates even during the worst phase of the financial panic.

  Mark Zandi

  Fall, Credit, Phases

  4 Copy quote

Page 1 of 2

← Prev

1

2

Next →

• facebook
• twitter
• googleplus
• email
• linkedin