“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 as collateral for loans and local governments are forced to cut jobs and programs as property-tax revenue disappears.” HardUseHomeGovernmentJobsFallHouseEconomyCuttingTaxesProgramPropertyDisappearLocalsOwnersHouseholdSmall BusinessRevenueLoanEnthusiasticProspectsBusiness OwnersLocal GovernmentSmall Business OwnersCollateralProperty TaxesHouse Prices Author:Mark Zandi
“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 income? What is the borrower's credit score?” NeedsLooksDoeJobsCreditDebtIncomeScoreStableHouseholdAnglePaymentExtendingLendersBorrowersRepaymentCredit Scores Author:Mark Zandi
“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
“Americans understand that one of our great national strengths is innovation. Great innovators - Benjamin Franklin, Henry Ford, Thomas Edison, Bill Gates, Steve Jobs, and others - are household names.” JobsNamesInnovationBillsGatesHouseholdFranklinInnovators Author:Robert Hormats
“We typically hear numbers that there are 34 million households that are in stocks in some form. Well, I say that what's occurred is if you have a job in this country, you're in stocks.” IfsWellsCountryJobsFormNumbersMillionsEconomyHousehold Author:Jim Cramer