Best quotes by Mark Zandi on Home
Checkout quotes by Mark Zandi on Home
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‟ 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
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‟ 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
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‟ 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
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‟ 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
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‟ 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
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‟ 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.
- Mark Zandi
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‟ A home is still the biggest asset that most Americans own.
- Mark Zandi
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‟ 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