#housing

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

The housing market will get worse before it gets better. ↗

— James Wilson

#better #get #gets #housing #housing market

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. ↗

— Rush Limbaugh

#afford #any #because #been #buying

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

Although housing sales and starts have cooled to more typical levels, the housing market remains strong and sound. Without the expansion of homeownership and the strength of our housing market, our nation would not have the economic growth we are experiencing today. ↗

— Randy Neugebauer

#cooled #economic #economic growth #expansion #experiencing

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. ↗

— Randy Neugebauer

#domestic #economic #expansion #few #gross

If the economy grows, housing gets better, quicker. ↗

— Jamie Dimon

#economy #gets #grows #housing #quicker