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 that’s held up.
Mark Zandi Quotes
Housing was ground zero for the Great Recession. Between early 2006 and Obama's inauguration in 2009, average house prices fell by a third across the country. In certain areas, including cities as diverse as Akron, Orlando and Las Vegas, house prices fell by more than half.
Similar Quotes
Cricket is the greatest game that the wit of man has yet devised.
- Sir Pelham WarnerAdvertising is selling Twinkies to adults.
- Donald R. VanceThe struggle of the male to learn to listen to and respect his own intuitive, inner prompt...
- Herb GoldbergEach generation of the church in each setting has the responsibility of communicating the ...
- Francis SchaefferEach had defended his own country; the Germans Germany, the Frenchmen France; they had don...
- Ernst TollerComments on: "Mark Zandi Quotes: Housing was ground zero for the Great Recession. Between early 2006 and Obama's..."
-
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.
Topics in Uncategorized -
There is plenty of blame to go around for the U.S. housing bubble, but not much of it belongs to Fannie Mae and Freddie Mac. The two giant housing-finance institutions made many mistakes over the decades, some of them real whoppers, but causing house prices to soar and then crater during the past decade weren’t among them.
Topics in Uncategorized
Related Authors
Advertisement
Today's Anniversary - 26th December
Births
- 1820 - Dion Boucicault
- 1936 - Kitty Dukakis
- 1914 - Richard Widmark
- 1890 - Robert Ripley
- 1927 - Alan King
Deaths
- 1931 - Melvil Dewey
- 2005 - Kerry Packer
- 2011 - Samuel Carthorne Rivers
- 2004 - Reggie White
- 1930 - Kin Hubbard
Quote of the day
Popular Topics
About Quoteswave
Our mission is to motivate, boost self confiedence and inspire people to Love life, live life and surf life with words.
Share with your friends