Mark Zandi Quotes

By the late 1980s people realized that houses did not always appreciate and that they could fluctuate like any other market commodity.

People aren't as impressed by homes anymore after they saw how they collapsed in price with the financial crisis.

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.

The most critical factor subduing the demand for housing is that home ownership is no longer seen as the great, long-term buildup in equity value it once was.

People feel a great deal of their wealth or lack thereof in their home value. Despite the fact they're living there and not going to sell it per se, it does have a big psychological effect.

The housing market has bottomed. It's not too late to get involved.

It's impossible to know precisely what constitutes the right house price but I do know that house prices doubling or even tripling over a 10 year period caused a lot of people to find that getting a foot on the housing ladder is near on impossible.

I'm telling you that there is no silver bullet to keep home prices from going down or to prevent all foreclosures.

The London property market has excellent investment opportunities.

Well, real estate is always good, as far as I'm concerned.

Housing has led our nation's economic expansion over the past few years, accounting for 16 percent of our Gross Domestic Product. New housing starts and home sales hit record levels from 2003 through 2005.

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

I think homes are a palpable form of investment, and I understand them.

Because of my own experience with market fluctuation, I recognize the great risks one takes on investments. This converts the Social Security safety net into a risky proposition many cannot afford to take.

Large-caps were safe in 1996, '97, '98. Everybody was buying index funds and Nifty Fifty funds. As long as money was pouring in, it was great.

The best time to buy a home is always five years ago.

The government can’t guarantee that you should earn profit from your investments.

We just went through the biggest housing bubble in history and now housing prices are starting to go up again. I don’t know what to make of that.

Your mortgage shouldn't have been treated as a wager - it should be a way to provide a home and financial stability for you and your family.

Housing is a relatively small sector of the economy, and its decline should be self-correcting.

I still think buying a home is the best investment any individual can make.

For resident stability, I fully agree with the government's stance that stabilizing the housing market should be the first and foremost step.

I still think, from an individual perspective, the best deal investment you can make is to buy a primary residence that you're the owner-occupier of.

But 300 million Americans, their lending institutions, their government, their media, all believed that house prices were going to go up consistently. And that got billed into a $20 trillion residential home market. Lending was done based on it, and everybody did a lot of foolish things.

With housing it's something even more dramatic than that, because most people aspire to own their own home.If you really think that houses prices are going to go up next year and the year after, you feel if I don't buy it this year, I'm going to have to buy it next year.That's not true of an Internet stock. But it's true of a home.