Henry Paulson Quotes

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

A home is a home, and excess supply leads to prices falling.

The housing market will get worse before it gets better.

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

A decline in the national housing price level would need to be substantial to trigger a significant rise in foreclosures.

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.

When the housing market fell in Las Vegas, we got so many Rolex and Tag Heuer watches it was ridiculous.

Until Americans feel that their core asset - their homes - are stabilized, they are not going to have the animal spirits and they will continue to have less buying power.

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.

It is time to move on. House prices won't rise and the economy won't fully engage until more distressed properties are resolved and put back into ordinary use.

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

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.

If the banks become unreliable lenders, apartment prices will drop dramatically.

In 2008, when the real estate market blew up, it principally hurt older people who saw the value of their houses go down, along with their pension plans.

Nothing would assure a recession more than a significant drop in housing prices.

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.

What began as a subprime lending problem has spread to other, less risky mortgages and contributed to excess home inventories that have pushed down home prices for responsible homeowners.

I am worried that the collapse of home prices might turn out to be the most severe since the Great Depression.

We judged that a sudden, disorderly failure of Bear would have brought with it unpredictable but severe consequences for the functioning of the broader financial system and the broader economy, with lower equity prices, further downward pressure on home values, and less access to credit for companies and households.

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.

Money in property is dead money. It doesn't help the country. It's funny how the U.K., Ireland and Spain are the most property-obsessed nations in Europe and yet are also the ones suffering the most.

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

We don't have to guess what Mitt Romney would have done if he were president. Because he told us. He said we should let foreclosures - and I quote - 'hit the bottom' so the market could - I quote - 'run its course.'

It's time to pull the bandage off America's foreclosure problem. The economy is ready to emerge from its recent dark period, but to make it happen soon we need to speed the resolution of millions of troubled home loans. Six years have passed since the crisis began, yet instead of accelerating, foreclosures have slowed.

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.