"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
Topic(s):
Success
More From Mark Zandi
- "I only have two things in my life, my family and work. If there’s any time left over, then I play sports."
- "A home is still the biggest asset that most Americans own."
- "It’s time to pull the bandage off America’s foreclosure problem. The economy is ready to emerge from its recent dark period, but to make it happen soon we need to speed the resolution of millions of troubled home loans. Six years have passed since the crisis began, yet instead of accelerating, foreclosures have slowed."
More In Success
- "If you want to have great success, you’d better give them what they want, but so be it."― Dirk Benedict
- "I believe you have a responsibility to comport yourself in a manner that gives an example to others. As a young man, I prayed for success. Now I pray just to be worthy of it."― Brendan Fraser
- "I planned my success. I knew it was going to happen."― Erykah Badu