Housing has peaked. And all indications are that sales will weaken further in the months ahead.
More Quotes from Mark Zandi:
The market will be focused on anything that gives more context regarding the inflation outlook, how concerned policy-makers are about inflation.Mark Zandi
Bush will paint Kerry as being a tax-and-spend liberal and Kerry will paint bush as only providing tax cuts for the rich.
Mark Zandi
At best, people should prepare for no pay increase and no bonus, something they have been getting a lot of. At worst, they should be thinking they may need to change occupations.
Mark Zandi
Consumer spending growth will moderate, but it won't impede the current pace of economic expansion.
Mark Zandi
The consequences are more serious. Right now there is zero margin for error. Nothing can go wrong.
Mark Zandi
This region is expanding not quite as much as the rest of the country. We will see much less housing activity, especially in the next couple of years.
Mark Zandi
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