Housing starts surged in April with strong gains in single family homes as well as two to four unit and five or more unit buildings. Construction of single family homes has been lagging in recent years. If the gains are confirmed by next month’s numbers, maybe housing will finally have a late spring season. Sales […]
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
The first chart shows the Condo indices: The next chart shows the low, mid and high price tier indices for San Francisco. The indices moving together recently suggests that the boom-bust bubble is behind us. The first table shows the highs and low for the indices, the second shows the year-over-year changes, ranks for year-over-year […]
RealtyTrac® reported today that the percentage U.S. residential properties that are seriously underwater — where the combined loan amount secured by the property is at least 25% higher than the property’s estimated market value — ticked up to 13.2% percent of all properties with a mortgage in the 2015 first quarter from 12.7% in the […]
RealtyTrac® released today its U.S. Home Equity & Underwater Report for the fourth quarter of 2014, showing that at the end of the year there were 7,052,570 U.S. residential properties seriously underwater — where the combined loan amount secured by the property is at least 25% higher than the property’s estimated market value — representing […]
The October 2014 S&P/Case-Shiller Home Price Index will be released on Tuesday December 30th at 9 AM. Will the pace of price gains continue to fade in the new year? Will the housing rebound end? Or will prices surge again? Check the figures on Tuesday morning for hints to 2015.
The next S&P/Case-Shiller Home Price report is due Tuesday morning at 9 AM ET. Lately prices have been showing signs of softness with lower annual gains reported each month compared to the previous month. While most economic indicators are looking better, housing and home building are sending mixed signals. But before writing off housing or […]
RealtyTrac® , released its October 2014 U.S. Foreclosure Market Report™ showing foreclosure filings — default notices, scheduled auctions and bank repossessions — were reported on 123,109 U.S. properties in October, an increase of 15% from the previous month but still down 8% from a year ago. The 15% monthly increase was the largest month-over-month increase since […]
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RealtyTrac® (www.realtytrac.com), released its U.S. Foreclosure Market Report™ for September and the third quarter of 2014, which shows foreclosure filings — default notices, scheduled auctions and bank repossessions — were reported on 317,171 U.S. properties in the third quarter, down 16 % from a year ago but up 0.42 % from the previous quarter — […]