Wire & Staff Reports – Oct 27, 2006
“The housing market correction is in full swing but it probably has another year to go before it bottoms out,” said Mark Zandi, chief economist at Moody’s Economy.com.
Marketwatch - March 26, 2007
"Zandi sees a bottom for sales in spring as sellers become more motivated and start cutting prices."
MTG Foundation – April 28, 2007
“From the housing cycle’s peak in 2005 to its bottom, which likely will come this summer, home prices of new homes will have declined about 10 percent, said Mark Zandi, chief economist of Moody’s Economy.com. By next spring, builders should be enjoying a recovery, but for now, “the housing correction is in full swing,” he said.”
U.S. News – June 10, 2007
“it’s probably going to take until next summer before things finally bottom out,” Zandi says.”
Builder 2007 – Oct 25, 2007
“On the positive side, Moody’s Economy.com chief economist Mark Zandi strongly believes that the bottom in new-home sales is hitting now, the fourth quarter of 2007.
Bloomberg – December 7, 2007
“Zandi estimates new and existing home sales will bottom at an annualized rate of 5.25 million units in early 2008 from a peak of 8.5 million homes in mid-2005.”
Bloomberg – Feb 9, 2008
“Notwithstanding the intensifying economic gloom, the bottom of the housing downturn is within sight,” chief economist Mark Zandi said in a statement today. “Presuming we see strong action by policymakers to help support the economy and the housing market, prices will begin to recover by the end of this year.”
PBS NBR – April 24, 2008
“Policy prescriptions, like lower interest rates, the fiscal stimulus checks and foreclosure prevention plans should help the housing market find its footing. Still, economist Mark Zandi says it will be next spring before it reaches bottom.”
AP – May 27, 2008
“This is going to be another difficult spring,” said Mark Zandi, chief economist at Moody’s Economy.com. “I think we are at the beginning of the end of the housing downturn, but it is going to be a long and painful end.”"
Reuters – June 26, 2008
“Zandi said home prices, based on the S&P/Case-Shiller data, have fallen about 15 percent and he is expecting them to drop another 10 percent before reaching a trough in the spring of 2009.”
CNN Money – Sept 18, 2008
“Several panelists, including Economy.com’s chief economist Mark Zandi, Goldman Sachs (GS, Fortune 500) economist Charlie Himmelberg, S&P managing director David Blitzer and S&P senior economist Beth Ann Bovino all agreed that home prices would stabilize sometime during the summer of 2009. “The bottom of the housing market is coming into view,”
CNN – Feb 21, 2009
WILLIS: Wow. So, the bottom coming fourth quarter here? ZANDI: Yeah, with a little bit of luck. If everything comes into place, and the policy steps, are able to get mortgage rates down, get more credit out there, and the stimulus plan helps shore up the job market I think Q4 ’09 would be a good baseline forecast, yes.“
CNN Money – April 2, 2009
“Nationwide, home prices will bottom out at the end of this year, according to the forecasters at Moody’s Economy.com. Median prices will probably fall another 10% on top of the 27% they’ve plummeted since their 2006 peak.”
CNN – April 25, 2009
“WILLIS: You know what’s interesting though, you know, because all we care about is seems like are housing prices in this country. I spoke with Mark Zandi this week who follows this, frankly, maybe one of the best databases, Zandi says we are at the bottom in the housing Market, so that is at least some good news, here.”
AP – May 20, 2009
“”I think we have probably reached the low point for this housing crash, but I don’t expect us to come roaring back,” said Mark Zandi, chief economist at Moody’s Economy.com. “I think it will take another year for a recovery in housing to get going.”"
NPR – Jul 23, 2009
“the housing market is stabilizing,” said Moody’s economist Mark Zandi. “I’m expecting that by this time next year the market will have hit bottom”
New York Times – Feb 19, 2010
“Mr. Zandi of Economy.com said he expected the nation’s housing prices to fall another 8 percent during 2010 and bottom out by the end of the year“
Marketwire – May 13, 2010
“Zandi also forecasts improving demand for housing, but with foreclosures rising later in 2010 before easing in 2011. He said home prices may weaken this year. “The housing crash is over — nearly. We are now near the bottom,” he said.
NPR - December 27,2010
Despite all these problems, Zandi thinks housing is finally approaching a turning point. He expects the market to bottom out in 2011.
"It's been a five-year road south, and it's been a complete cratering of the market," he says. "But I think 2011 marks the end of that crash."
ECONOMIX - May 11, 2011
I do expect house prices to stabilize in 2012, but rents will continue to rise strongly.
Moody's Analytics - September 22, 2011
HOUSING HITS BOTTOM PDF
http://www.americanhousingconference.com....Pulled out bottom calls from
http://www.ritholtz.com/blog/2010/09/zan....and adding some as i find em LOL
Denninger, Karl. Leverage: how cheap money will destroy the world. Hoboken: John Wiley & Sons, Inc., 2012. p. 126, par. 3.
