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 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
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 home is still the biggest asset that most Americans own. Mark Zandi americanassetbig Change image and share on social
It has become fashionable to rail against government intervention in the economy, and the FHA is a favorite example by those trying to show the government's overreach. In reality, the FHA shows how government action during the Great Recession forestalled a much worse economic fate. Mark Zandi actionbadlyeconomic share on social
The Obama administration deserves credit for quickly ending the housing free fall. In particular, Obama empowered the Federal Housing Administration to ensure that households could find mortgages at low interest rates even during the worst phase of the financial panic. Mark Zandi administrationbadcredit share on social
In a normal time, I don't think economic policy makes a large difference one way or another. But in times of crisis it makes all the difference in the world. Mark Zandi crisisdifferenceeconomic Change image and share on social
Past experience with fiscal austerity at home and overseas strongly suggests that it is best for the economy's long-run performance to restrain government spending rather than raise taxes. Mark Zandi austerityeconomyexperience Change image and 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
The FHA's success provides strong evidence that government can and should play a role in the nation's mortgage finance system. It also demonstrates that although government intervention in the economy during the Great Recession was messy, things would have been a lot messier without it. Mark Zandi demonstrateeconomyevidence share on social
