#housing

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

#akron #areas #average #between #certain

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

— Mark Zandi

#finds #footing #going #housing #housing market

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

#came #control #fiasco #housing #industry

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

#because #below #currently #distressed #fall

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

#around #belongs #blame #bubble #causing

Too-easy credit and millions of bad loans made during the U.S. housing bubble paved the way for the financial calamity and Great Recession that followed. Today, by contrast, credit is too tight. Mortgage loans are particularly hard to get, creating a problem for the housing market and the broader economy. ↗

— Mark Zandi

#broader #bubble #calamity #contrast #creating

You can spend the money on new housing for poor people and the homeless, or you can spend it on a football stadium or a golf course. ↗

— Jello Biafra

#football #golf #golf course #homeless #housing

The Romans used every housing form known today and they have a remarkably modern look. ↗

— Stephen Gardiner

#form #housing #known #look #modern

Some people, they got housing loans, and I think they're responsible for taking a loan they didn't qualify for? ↗

— Jon Lovitz

#housing #i #i think #loan #loans

We ought to be doing that with decent standard housing but if we have people who are absolutely on the streets in this case, I think it makes sense that tent cities are preferred to not having tent cities. ↗

— Mike Lowry

#case #cities #decent #decent standard #doing