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David Blitzer

Chairman of the Index Committee
S&P Indices
Biography

David M. Blitzer is managing director and chairman of Standard & Poor’s 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 Guessing Game

The guessing game to predict when home prices might begin a sustained rise is heating up.  Recent press reports including comments on foreclosures side by side with reports of bidding wars in some neighborhoods.  A look at some of the S&P/Case-Shiller data shows some of the developments below the surface as the housing markets creep [...]

Posted in Economic Data, Financial Markets, Housing Data, S&P/Case-Shiller Indices | 1 Comment

How the Cities Did

February’s data for the S&P/Case-Shiller Home Price Indices were a bit disappointing with nine cities — Tampa, Las Vegas, New York, Seattle, Portland OR, Chicago, Atlanta, Charlotte and Cleveland all making new post-boom lows.  After all this, Las Vegas still holds the unenviable record for the largest peak-to-trough drop of 62%.  The two composites also [...]

Posted in Economic Data, Housing Data, S&P/Case-Shiller Indices, Uncategorized | 1 Comment

Upbeat News

Good news on housing seems like an oxymoron to most people but today brought two examples. The front page of the Wall Street Journal carries a story, “Stunned Buyers Find the Bidding Wars on Back.”  Yes, the Journal blames the competition on a supply shortage rather than excessive demand, but if there’s anything likely to [...]

Posted in GDP, Housing Data | Tagged , , | Leave a comment

Debt De-Leveraging, Housing and the Recovery

Most houses are bought with mortgages and interest rates and the availability of mortgage money are key issues for the hoped-for housing recovery.  But the links among debts, housing and the economy run much deeper.  Debt levels and especially a surge in household debt, such as experienced with mortgages beginning in 2000, played a big [...]

Posted in Consumer Credit, Economic Data, Foreclosures, Shadow Inventory, Mortgage Markets | Leave a comment

Rising Rents Reported All Over

Recent news reports focus on rising rents in many cities along with falling vancancy rates all pointing to renewed market pressures to buy rather than rent.  Coming after a few years of declining home ownership along with housing construction running at half the normal pace, this shouldn’t be a big surprise — people need housing [...]

Posted in Uncategorized | Leave a comment

How The Cities Did in January

January’s report was disappointing as 16 cities saw prices fall month to month and eight made new post-crisis lows.  Atlanta and Detroit are the hardest hit based on current levels. However, Detroit has rebounded from its low by a larger percentage than any city except for Washington DC.  Across all 20 cities, the average gain [...]

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

Speed vs. Accuracy

Among the comments about yesterday’s disappointing S&P/Case-Shiller Home Price release were remarks that the data is old or out of date.    The report of falling home prices came on the heels of better economic news and some upbeat reports about homebuilders seeing strong orders. Some commentators felt that the news of weaker prices was old news.  [...]

Posted in Homebuilders, S&P/Case-Shiller Indices | Tagged , , , | 9 Comments

Next S&P/Case-Shiller Release on Tuesday, March 27th

Recent economic news is good, housing news mixed – starts, existing and new homes sales generally better in recent months  amidst many comments that housing is about to see sustained gains after a long long period of weakness.  However, prices fell steadily throughout 2011 and haven’t seen even a hint of strength. Zillow forecasts further declines [...]

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

City Peaks and Troughs

Along with the three composites — national, 10-city and 20-city — four cities also set new lows in the December data.   The four were Tampa, Las Vegas, Seattle and Atlanta.  The first two of these are among the consistently weak sunbelt while the other two were reasonably stable until the last six months.  In both Atlanta [...]

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

How Cheap is Housing?

Two questions asked over and over at each monthly release of the S&P/Case-Shiller Home Price indices are “Is housing cheap?” and “Is this the time to buy a house?”  We look at three measures of how cheap, or dear, houses are: renting vs. buying, home prices and incomes and inflation adjusted prices.  Whether this is [...]

Posted in Uncategorized | 1 Comment
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