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Housing Market Quotes

We’ve collected the best Housing Market Quotes from the greatest minds of the world: Annie Lowrey, Mark Zandi, Corey Harrison, Park Won-soon, Matthew Desmond. Use them as an inspiration.

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.
When the housing market fell in Las Vegas, we got so many Rolex and Tag Heuer watches it was ridiculous.
For resident stability, I fully agree with the government’s stance that stabilizing the housing market should be the first and foremost step.
Eviction comes with a record. Just like a criminal record can hurt you in the jobs market, eviction can hurt you in the housing market. A lot of landlords turn folks away who have an eviction, and a lot of public housing authorities do the same.
Our economy isn’t going to recover until the housing market finds its footing.
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 lesscurrently around 25 percent below non-distressed houses.
The Seoul city government has been cooperating with the central government to stabilize the housing market, and we plan to brainstorm all possible ways with the government to better counter the issue.
A significant number of people over the age of 65 would like to downsize into more suitable accommodation, yet they are unable to do so. This causes a bottleneck in the housing market that ripples down to first-time buyers.
I had begun to worry about the housing market back in 2003, when lenders first resurrected interest-only mortgages, loosening their credit standards to generate a greater volume of loans. Throughout 2004, I had watched as these mortgages were offered to more and more subprime borrowers – those with the weakest credit.
Well, Mark, I led the charge for five or six years to get reforms for Fannie Mae and Freddie Mac. I was chairman of an organization called ‘FM Policy Focus.’ What we were saying was, if there was blip in the housing market, Fannie and Freddie would destabilize the greatest economy in the world.
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.
Much of the blame for the Great Recession lies with abuses in the housing market – namely the creation of risky and unsustainable home loans that were packaged and sold as quality investments around the globe.
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.
President Obama has basically avoided or not done any attempt to intervene in any positive way in the housing market. I think in the financial crisis that’s been a shame.
Glenn Hubbard
The financial crisis of 2008 was not caused by investment banks betting against the housing market in 2007. It was caused by the fact that too few investorsincluding all of the big investment banks – bet too heavily on the housing market in the years before 2007.
The housing market has bottomed. It’s not too late to get involved.
The billionaire founder of investment firm Elliott Management was one of several investors who warned financial ministers in 2007 that a crack in the housing market could cause huge problems for the banking industry.
The impact of the downturn is starting to feel very real. House prices and the housing market have been taking the knock for some time and that’s affecting people.
The housing market will get worse before it gets better.
James Wilson
Although not well known outside Wall Street, Freddie Mac and its corporate cousin, Fannie Mae, are two of the world’s largest financial institutions and play a crucial role in the housing market.
I’m not a housing market expert, and I don’t want to pretend to be one.