David Blitzer

Chairman of the Index Committee
S&P Dow Jones Indices
Biography

David M. Blitzer is managing director and chairman of the Index Committee with overall responsibility for index security selection, as well as index analysis and management.

Prior to becoming Chairman of the Index Committee, Dr. Blitzer was Standard & Poor’s Chief Economist.  Before joining Standard & Poor's, he was Corporate Economist at The McGraw-Hill Companies, S&P's parent corporation.  Prior to that, he was a Senior Economic Analyst with National Economic Research Associates, Inc. and did consulting work for various government and private sector agencies including the New Jersey Department of Environmental Protection, the National Commission on Materials Policy and Natural Resources Defense Council.

Dr. Blitzer is the author of Outpacing the Pros: Using Indices to Beat Wall Street’s Savviest Money Managers, (McGraw-Hill, 2001) and What’s the Economy Trying to Tell You? Everyone’s Guide to Understanding and Profiting from the Economy, (McGraw-Hill, 1997).  In the year 2000, Dr. Blitzer was named to SmartMoney magazine’s distinguished list of the 30 most influential people in the world of investing, which ranked him seventh, and in the year 1998, Dr. Blitzer was named the nation’s top economist, receiving the Blue Chip Economic Forecasting Award for most accurately predicting the country’s leading economic indicators for four years in a row.  A well-known speaker at investing and indexing conferences, Dr. Blitzer is often quoted in the national business press, including the New York Times, Wall Street Journal, USA Today, Financial Times, and various other financial and industry publications.  He is frequently heard on local and national television and radio.

A graduate of Cornell University with a B.S. in engineering, Dr. Blitzer received his M.A. in economics from the George Washington University and his Ph.D. in economics from Columbia University.

Author Archives: David Blitzer

Properties Under Water at Lowest Level in Two Years

RealtyTrac® released its U.S. Home Equity & Underwater Report on April 17th. For the first quarter of 2014, the report shows that 9.1 million U.S. residential properties were seriously underwater — where the combined loan amount secured by the property is at least 25 percent higher than the property’s estimated market value — representing 17 percent […]

Lackluster Housing Numbers

Housing data are disappointing.  Permits for new homes in March were down 2.4% from February with weakness concentrated in apartments and a slight  increase in single family homes. Housing starts were up 2.8% in March from February and single family unit starts were up 6% on the month. However, at 946,000 starts at annual rates, […]

Sales Volume Slips in February, Institutional Buyers Pull Back, Distressed Sales Fall

RealtyTrac® , released its February 2014 Residential & Foreclosure Sales Report on March 27th, showing that U.S. residential properties, including single family homes, condominiums and town homes, sold at an estimated annual pace of 5,083,241 in February, a 0.2 percent decrease from the previous month but still up 7 percent from a year ago  February […]

S&P/Case-Shiller Report due Tuesday March 25th

Recent data on housing starts and permits, home sales and builders’ sentiment all suggest a slowdown in the housing recovery. Could this be the moment when prices turn down after 18 months of strong gains led by the Sun Belt and California?  Or will the price rebound continue and pull up prices in the northeast […]

Foreclosures Down 10% in February from January

RealtyTrac® released its monthly Foreclosure Report showing  foreclosure filings — default notices, scheduled auctions and bank repossessions — were reported on 112,498 U.S. properties in February, a 10 percent decrease from January and down 27 percent from February 2013 to the lowest monthly total since December 2006 — a more than seven-year low. RealtyTrac also included updated […]

How the Cities Did — December 2013

            Click on the table for a larger image

Buy-to-Rent Drops to Lowest Level Since March 2012

RealtyTrac® released its January 2014 Residential & Foreclosure Sales Report on Febraury 27th, showing that institutional investors — defined as entities purchasing at least 10 properties in a calendar year — accounted for 5.2 percent of all U.S. residential property sales in January, down from 7.9 percent in December and down from 8.2 percent in […]

Debating Weakness in Housing

Calculated Risk Blog examines recent signs of weakness in housing and why there may be a pause until late Spring before the sector picks up steam.  Pressure from rising home prices, higher mortgage rates, limited supply all combining to slow the market for a moment. Declining foreclosures and recent round of buy-to-rent led to lower […]

Will Weak Existing Home Sales Lower Prices?

Existing home sales slid 5.1% in January from December to the lowest level in over a year.  Nasty weather, rising interest rates and prices and signs of softness in the economy were all blamed.  Big question is how prices will respond.  The next S&P/Case-Shiller Home Price release is Tuesday morning February 25th at 9 AM. […]

Signs of Softness in Housing

The National Association of Home Builders sentiment index for February, reported yesterday, dropped sharply to 46 from 56 in January and an average of 51 for 2013.  A reading above 50 means more builders view the market as favorably than as unfavorable.  Housing permits and starts for January were reported this morning and are also […]

  • CATEGORIES

  • Recent Comments

  • Tags