Mark Zandi Quotes (20 quotes)

Picture of quotation author Mark Zandi
„In the fourth grade, my history teacher gave us a project: Why was the auto industry located in Detroit, Michigan? I didn't know I was going to be an economist, but I knew I was going to do something that was involved in answering questions like that one because I thought that was a fascinating question.“
― Mark Zandi ―
Picture of quotation author Mark Zandi
„I'm a registered Democrat.“
― Mark Zandi ―
Picture of quotation author Mark Zandi
„The Tea Party was born out of the disgust many Americans felt early in the financial crisis upon learning that the federal government was even contemplating reducing the principal on some troubled mortgages.“
― Mark Zandi ―
Picture of quotation author Mark Zandi
„In a forbearance, the homeowner pays interest and principal on a smaller mortgage, at least for a time, but still owes the full amount. The lower monthly payment helps with affordability, giving stressed homeowners a break.“
― Mark Zandi ―
Picture of quotation author Mark Zandi
„The extension and expansion of the payroll tax holidays for workers would be number one on my list and key to avoiding recession.“
― Mark Zandi ―
Picture of quotation author Mark Zandi
„We're getting job creation in healthcare and educational services. We've been getting that all along. It's demographically driven, it's funded by the government, and that's held up.“
― Mark Zandi ―
Picture of quotation author Mark Zandi
„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 ―
Picture of quotation author Mark Zandi
„Our economy isn't going to recover until the housing market finds its footing.“
― Mark Zandi ―
Picture of quotation author Mark Zandi
„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 ―
Picture of quotation author Mark Zandi
„The biggest culprits in the housing fiasco came from the private sector, and more specifically from a mortgage industry that was out of control.“
― Mark Zandi ―
Picture of quotation author Mark Zandi
„There is no better way to quickly buoy hard-pressed homeowners than helping them take advantage of the currently record low fixed mortgage rates and significantly reduce their monthly mortgage payments.“
― Mark Zandi ―
Picture of quotation author Mark Zandi
„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 ―
Picture of quotation author Mark Zandi
„The average credit score of today's FHA borrowers is higher than the average American household with a score. As it becomes more costly and difficult to get a FHA loan, loans from private mortgage lenders will become more attractive and their market share will grow.“
― Mark Zandi ―
Picture of quotation author Mark Zandi
„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 ―
Picture of quotation author Mark Zandi
„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 ―
Picture of quotation author Mark Zandi
„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 ―
Picture of quotation author Mark Zandi
„There is plenty of blame to go around for the U.S. housing bubble, but not much of it belongs to Fannie Mae and Freddie Mac. The two giant housing-finance institutions made many mistakes over the decades, some of them real whoppers, but causing house prices to soar and then crater during the past decade weren't among them.“
― Mark Zandi ―
Picture of quotation author Mark Zandi
„They called me the sexiest economist in America, and that was years ago, when I had hair and body mass and my teeth were shiny.“
― Mark Zandi ―
Picture of quotation author Mark Zandi
„It is easy to be pessimistic. These are extraordinarily difficult times, and the collective psyche is teetering. But we are closer to righting the wrongs that got us into this economic mess than most of us believe.“
― Mark Zandi ―
Picture of quotation author Mark Zandi
„I've done work for both Democrats and Republicans.“
― Mark Zandi ―

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Author information

Mark Zandi
Nationality: American
Author Profession: Economist

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