234 Quotes by Mark Zandi

A bunch of problems that we have ahead of us are largely because of these tax cuts. They are very costly and will contribute significantly to budget deficits in the future.

Our biggest challenge is to eliminate the popular perception that economists don't have anything useful to say.

It's fair to say there will still be deals right through the summer.

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

It's at the top end of what's desirable for the Fed policy-makers and investors. Inflation is low, but it is rising.

Distressed properties are often vacant and in disrepair, and thus sold at significant discounts. As the share of distressed sales grows, home prices fall.

It means that they're going to be under a lot of financial pressure in the years ahead. And that's going to put pressure on the entire economy and on the political process.

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.

It is time to move on. House prices won't rise and the economy won't fully engage until more distressed properties are resolved and put back into ordinary use.