Mark Zandi Quotes
[Economists say that as housing markets begin to cool, bankruptcies are likely to increase.] At some point you will get a combination of falling values combined with rising payments on adjustable mortgages, which will result in more bankruptcy... For these areas of the country that are enjoying such wonderful conditions right now, it will become much less wonderful a few years down the road.
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Economists | Housing | Markets | Cool | Bankruptcies |
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We are a very low-cost area in a very high-cost region. Housing values have risen here, but not nearly as much as in other parts of the country.
- Mark Zandi
