There are different flavors of recession. You can get into some pretty dark scenarios pretty quickly. Mark Zandi darkflavorpretty Change image and share on social
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 housing turned the corner last year, and it will take off in 2013. Mark Zandi beginconstructioncorner share on social
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 back into ordinary use. Mark Zandi backdistresseconomy Change image and share on social
Our economy isn't going to recover until the housing market finds its footing. Mark Zandi economyfindfoot Change image and share on social
Defaulting on the nation's debt would be cataclysmic. The U.S. Treasury's Aaa rating is the one constant in the world's financial system. When times are bad anywhere on the planet, global investors flock to Treasury bonds because they know they will get their money back. Mark Zandi aaabackbad share on social
The discussion in Washington has changed dramatically. I mean, it's no longer a question of should we address entitlements - it's no longer a question of do we need to reduce spending in the future. Mark Zandi addresschangediscussion Change image and share on social
Buying a home wouldn't make much sense if house prices were likely to decline further; no one wants to catch a falling knife. Mark Zandi buycatchdecline Change image and share on social
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. Mark Zandi businesscollateralcut share on social
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. Mark Zandi akronareaaverage share on social
Our biggest challenge is to eliminate the popular perception that economists don't have anything useful to say. Mark Zandi bigchallengeeconomist Change image and share on social
