“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.” WayMadeHardProblemTodayEasyMillionsEconomyCreatingFinancialCreditBubblesContrastHousingLoanCalamityMortgageRecessionsGreat RecessionHousing MarketHousing Bubble Author:Mark Zandi
“And so the danger for the housing industry is if we see interest rates rise.” IfsInterestEconomyDangerIndustryRateHousingInterest Rate Author:Franklin Raines
“The real story in housing will be a recovery in the economy that will drive a recovery in housing, When people are working, when there are more jobs, more households forming and people go back to buying cars, they're going to want their apartments and homes. And that's when you'll start to see a recovery in home prices.” PeopleWantRealStoriesHomeJobsEconomyCarRecoveryBuyingHouseholdApartmentHousingReal StoryBuying A Car Author:Jamie Dimon
“Even more fundamental than housing to the global financial economy is the idea that the U.S. government is a safe asset.” IdeasGovernmentEconomySafeFundamentalsFinancialAssetsHousing Author:Ezra Klein
“You know, I think the, the crucial thing, you know, we have put in place what is, is just simply the biggest, boldest recovery package in history, right; the stimulus package, biggest ever; the financial rescue, absolutely comprehensive; a housing plan - that is incredible medicine for the economy. And we fully expect it to work.” ThinkingKnowsEconomyPlansMedicineIncrediblesFinancialRecoveryCrucialRescueHousingPackagesStimulusComprehensive Author:Christina Romer
“If you like what Wall Street did for the housing market, you'll love what Wall Street is doing for commodities. Goldman's ability to influence any portion of the price for a key component of the industrial economy is simply unacceptable.” IfsLoveAbilityEconomyInfluenceStreetsWallKeysPortionsCommodityComponentsHousingHousing Market Author:Carl Levin