Potential home buyers have a two-step decision process. First, they determine whether they can afford to make a purchase - does their income safely cover their mortgage payment? Then they determine whether owning is a better financial choice than renting… — Mark Zandi Copy Share Image
Lenders look at potential borrowers from many angles before extending credit: How much of its income will a household need to put into debt repayment? How large is the down payment? Does the borrower have a job with a stable… — Mark Zandi Copy Share Image
Our biggest challenge is to eliminate the popular perception that economists don't have anything useful to say. — Mark Zandi Copy Share Image
In a normal time, I don't think economic policy makes a large difference one way or another. But in times of crisis it makes… — Mark Zandi Copy Share Image
It is easy to be pessimistic. These are extraordinarily difficult times, and the collective psyche is teetering. But we are closer to righting the… — Mark Zandi Copy Share Image
No one should expect the value of their house to appreciate quickly - counting on your home to be a significant part of your… — Mark Zandi Copy Share Image
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… — Mark Zandi Copy Share Image
There are different flavors of recession. You can get into some pretty dark scenarios pretty quickly. — Mark Zandi Copy Share Image
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 Copy Share Image
Now, I do think when we move into 2012 and '13 when, presumably, the economy is on firmer ground, I would allow the tax… — Mark Zandi Copy Share Image
At the center of every recession is a serious imbalance in the economy and mirrored in the financial system. Think subprime mortgage and the… — Mark Zandi Copy Share Image
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… — Mark Zandi Copy Share Image
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… — Mark Zandi Copy Share Image
