Mark Zandi Quotes

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

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

Housing works like a trampoline. When it is pushed down far enough and long enough, it will eventually snap upward very powerfully.

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.

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.'

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

The housing market will get worse before it gets better.

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.

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.

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

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

House prices have risen by nearly 25 percent over the past two years. Although speculative activity has increased in some areas, at a national level these price increases largely reflect strong economic fundamentals.

A funny thing happens in real estate. When it comes back, it comes back up like gangbusters.

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.

A strong economy causes an increase in the demand for housing; the increased demand for housing drives real-estate prices and rentals through the roof. And then affordable housing becomes completely inaccessible.

Nationally, the share of mortgages that are underwater fell by about one-half between 2011 and 2014.

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.

I'm hoping there'll be, if not a boom, then a big pick-up in housing because if that happens, then it will employ a lot of people, and the domino effect will go through the community, and it will help everyone.

The two questions that anyone ever asks me are: 'Are house prices going to go down?' and 'Is it a good time to fix my mortgage rate?'

I believe that the Chinese people as a whole love to make investments in real estate.

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.

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.

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.

President Obama has basically avoided or not done any attempt to intervene in any positive way in the housing market. I think in the financial crisis that's been a shame.

So from the housing standpoint, steady as you go, I think, would be the best medicine.