Mark Zandi quote

It is hard to be enthusiastic about the economy's prospects when house prices are falling: Households spend less, small business owners can't use homes as collateral for loans and local governments are forced to cut jobs and programs as property-tax revenue disappears.
Mark Zandi
Mark Zandi
Mark Zandi

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Business, Programs, Local, Spend, Local Governments, Collateral, Jobs, Enthusiastic, About, Small, Small Business, Small Business Owners, Prices, Disappears, Prospects, Economy, House, Forced, Households, Revenue, Falling, Governments, Owners, Cut, Use, Business Owners, Hard, Less, Homes, Loans

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