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

  53 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

• 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

• 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

• 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

• 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

• 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

• 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

• 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

• Buying a home wouldn't make much sense if house prices were likely to decline further; no one wants to catch a falling knife.

  Mark Zandi

  Fall, Home, Knives

  4 Copy quote

• Past experience with fiscal austerity at home and overseas strongly suggests that it is best for the economy's long-run performance to restrain government spending rather than raise taxes.

  Mark Zandi

  Running, Home, Past

  7 Copy quote

• Yes. I don't think it would be appropriate at this point to raise taxes on anyone, certainly not in 2011.

  Mark Zandi

  Thinking, Would Be, Taxes

  "Fox News Sunday With Chris Wallace", www.foxnews.com. August 15, 2010.

  4 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

• A home is still the biggest asset that most Americans own.

  Mark Zandi

  Home, Assets, Stills

  4 Copy quote

• The principal linkages between Japan and the U.S. global economies are trade, financial markets, and commodity markets.

  Mark Zandi

  Japan, Financial, Commodity

  "Mark Zandi: No Global Impact From Japan". Interview with Lori Ann LaRocco, www.cnbc.com. March 17, 2011.

  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

• An overheating economy, characterized by accelerating inflation and rising interest rates, is another precondition for recession. This doesn't describe today's economy.

  Mark Zandi

  Rising, Today, Economy

  Source: www.washingtonpost.com

  4 Copy quote

• In a normal time, I don't think economic policy makes a large difference one way or another. But in times of crisis it makes all the difference in the world.

  Mark Zandi

  Thinking, Differences, Normal

  4 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

• I've done work for both Democrats and Republicans.

  Mark Zandi

  Done, Republican, Democrat

  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

• 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

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