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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.
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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 […]
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 […]
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. […]
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 […]
RealtyTrac® released its U.S. Foreclosure Market Report™ for January 2014 on February 13th.The report shows foreclosure filings — default notices, scheduled auctions and bank repossessions — were reported on 124,419 U.S. properties in January an 8 percent increase from December but still down 18 percent from January 2013. The report also shows one in every 1,058 […]
Just when people thought we were safe from creative financing applied to bonds backed by homes, a new improved approach is about to surface. The past year has seen an increase in buying homes for rent by private equity funds and others. The private equity buyers are funded by their fund investors, much the same […]
The housing recovery in 2012 and 2013, along with the strong stock market performance, were major contributors to the economy and consumer confidence. In the last few weeks everyone has watched investors become more nervous about the stock market. With mixed economic data, weak housing starts report for December and a soft number for builders […]
Home bias in finance means that investors prefer investing in their home country rather than in foreign countries even when they understand there may be better opportunities abroad. Some studies point to a domestic kind of home bias – people are more likely to buy stocks of companies with offices or headquarters near where they […]
RealtyTrac® released on January 16th its Year-End 2013 U.S. Foreclosure Market Report™ showing foreclosure filings — default notices, scheduled auctions and bank repossessions — were reported on 1,361,795 U.S. properties in 2013, down 26 percent from 2012 and down 53 percent from the peak of 2.9 million properties with foreclosure filings in 2010. The 1.4 million […]