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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

Builder Confidence Up

From the National Association of Home  Builders: Builder confidence in the market for newly-built single-family homes hit a significant milestone in June, surging eight points to a reading of 52 on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI) released today. Any reading over 50 indicates that more builders view sales conditions [...]

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Foreclosure Activity Up as Bank Repossesions Jump

— RealtyTrac® (www.realtytrac.com), reported on June 13th that  foreclosure filings — default notices, scheduled auctions and bank repossessions — were reported on 148,054 U.S. properties in May, an increase of 2 percent from the 75-month low in April but still down 28 percent from May 2012. The report also shows one in every 885 U.S. housing units with [...]

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Up or Down

Despite continued gains in home prices doubts are heard about the housing recovery.  As the Wall Street Journal noted on Monday both the bulls and the bears cite the same evidence in support of their arguments.  One disconnect is that different cities show different results.  The northeast is seeing modest gains in prices combined with [...]

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Cities Performance and Institutional Buying

The rebound from the lows for four of the 20 citites in  the S&P/Case-Shiller Home Price Indices standout — Phoenix, Las Vegas, Detroit and San Francisco. (see the right hand column in the table). All have bounced back by 25% or more.  While the price gains are certainly welcome news for home owners (and a [...]

Posted in Foreclosures, Shadow Inventory, Housing Data, S&P/Case-Shiller Indices, Uncategorized | Tagged | Leave a comment

What Next from Housing

Housing is boosting the economy, but will it last?  Recent data point to stronger activity in housing and residential constructions with prices, sales of new and existing homes and housing starts heading higher in recent months.  However, household formation, home ownership and employment gains are still mixed.  Can the combination of the Fed’ quantitative easing [...]

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Stocks and Houses

Twelve years ago when the boom in tech stocks ended, housing was considered a safe investment to escape to.  Six years ago the financial crisis took down both stocks and housing.  Clearly neither is without risk, but maybe the past can offer some hint as to which might be better.   Looking at the period [...]

Posted in Economic Data, S&P/Case-Shiller Indices, Stock Market, Uncategorized | Leave a comment

Gold in the House

Through the last decade or two of gyrating stock markets and financial crisis two investments have been heralded as booms, busts and the only place to safely stash your assets: gold and your house.  With gold prices appearing to take a hint from the past behavior of home prices, it might be interesting to compare [...]

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Homes vs. Condos

S&P/Case-Shiller Home Prices Indices cover condominiums in five markets as well as single family homes in 20 cities.  The table compares the boom-bust and recovery results for homes and condominiums in the five cities — Los Angeles, San Francisco, Chicago, Boston and New York.   The overall performance is similar between homes and condos but there [...]

Posted in S&P/Case-Shiller Indices | Tagged , , , , , | 2 Comments

Rise and Fall

Did huge price gains in the housing boom make for a deeper dive in the collapse?  Now that we can confidently say we’re past the bottom and the housing bust is behind us, we can answer this question with the data.  The chart shows the peak index value on the horizontal axis and the percentage [...]

Posted in Housing Data, S&P/Case-Shiller Indices, Uncategorized | Tagged , | 3 Comments

Behind the Numbers in the S&P/Case-Shiller Release

The February S&P/Case-Shiller Release, out this morning, shows a strong performance by housing across all 20 metropolitan areas.  The composite of 20 cities rose 9.3% in the last year, the best gain since May 2006 and seasonally adjusted all 20 cities rose month to month for two consecutive months; the last time that happened was [...]

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