Author: Mark Zandi

Quotes

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.

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.

- 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.

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

Buying a home wouldn't make much sense if house prices were likely to decline further; no one wants to catch a falling knife.

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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