Crisis Quote by Robert J. Shiller

It is hard to be enthusiastic about the economy's prospects when house prices are falling: Households spend less, small business owners can't use homes…

— Mark Zandi

Millions of Americans were duped by the federal government and the Federal Reserve into buying homes they could not afford and failed to count…

— Mark Skousen

I am worried that the collapse of home prices might turn out to be the most severe since the Great Depression.

— Robert J. Shiller

By the late 1980s people realized that houses did not always appreciate and that they could fluctuate like any other market commodity.

— Ron Chernow

But 300 million Americans, their lending institutions, their government, their media, all believed that house prices were going to go up consistently. And that…

— Warren Buffett

A housing renaissance has begun. This may be hard to believe after the dizzying, six-year-long crash in home sales, construction and house prices. But…

— Mark Zandi

Following an extended boom in housing, the demand for homes began to weaken in mid-2005. By the middle of 2006, sales of both new…

— Ben Bernanke

In 2007, in the early 2007, everybody saw the housing market was falling, and at any given moment a lot of people thought it…

— Lloyd Blankfein

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…

— Rush Limbaugh

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

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…

— Mark Zandi

“Myth: US housing market is in recovery. Fact: Big banks have been hiding their bloated home inventory, seized by virtue of home foreclosures.”

— Ziad K. Abdelnour