There is no better way to quickly buoy hard-pressed homeowners than helping them take advantage of the currently record low fixed mortgage rates and significantly reduce their monthly mortgage payments.
Mark Zandi
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Distressed properties are often vacant and in disrepair, and thus sold at significant discounts. As the share of distressed sales grows, home prices fall.
- Mark Zandi -
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Our biggest challenge is to eliminate the popular perception that economists don't have anything useful to say.
- Mark Zandi -