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ADVISORY/Experts Available To Discuss Record Level New Home Sales in May.


Business Editors

ADVISORY...
TOPIC: New home sales reached a record level of 8.1 percent in May, according to an article by Reuters. New single-family homes sold at an adjusted annual rate of 1,028,000 units in last month. Experts say low rates on long-term mortgages and a strong demand for housing due to a steady flow of immigrants into the United States are factors that contributed to the record level sales. Many people are buying new homes as a stable investment, as the stock market's performance has been poor for the last two years, the article says. EXPERTS: ExpertSource can offer several highly qualified experts to comment on this story:


Mr. Steve Kropper is the co-founder and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board.  of Domania, Inc., the leading provider of actual home sale prices on the web. He co-founded the company in the early 1990s as a phone-fax service, migrated on to web, raised two rounds of venture capital from CMGI CMGI Commonly Maintained Grounds Infrastructures
CMGI College Marketing Group Information (Services) 
 and has seen the online real estate/mortgage business grow and contract. 617-306-9312, kropper@domania.com; PR: Christopher Shannon - Dir. of MarCom - Domania (cshannon@domania.com, 617-779-2125)

Mr. Alan Rogers is the chairman and CEO of Douglas Elliman. As the leading residential real estate brokerage firm in Manhattan with close to $2.2 billion in sales, DE offers an array of services unequaled in the real estate industry. When others show homes, we show results. Rogers can comment on issues relating to real estate in the New York Metropolitan area New York–Northern New Jersey–Long Island is the most populous metropolitan area in the United States and the third most populous in the world, after Tokyo and Mexico City. . 212-891-7262, arogers@elliman.com

Mr. William Whitlow whitlow /whit·low/ (hwit´lo) felon.

herpetic whitlow  primary herpes simplex infection of the terminal segment of a finger, with extensive tissue destruction, sometimes accompanied by systemic
 is chairman of the board of directors and chief executive officer of Primecore Mortgage Trust, Inc., a private real estate investment trust (REIT REIT

See: Real Estate Investment Trust


REIT

See real estate investment trust (REIT).
), headquartered in Menlo Park, CA. Primecore's REIT status allows the company to pool investor capital into in investment in construction loans secured by high quality for-sale residential housing. Prior to joining Primecore, Mr. Whitlow directed the execution of real estate capital markets engagements including strategic capital markets consulting, private placements of debt and equity, portfolio and company sales, and mergers and acquisitions as a senior executive at two major accounting and management consulting firms List of Management Consulting Firms
1. McKinsey & Company
2. Marakon Associates
3. Boston Consulting Group (BCG)
4. A.T. Kearney
5. Booz Allen Hamilton (BAH)
6. Monitor Group
7. Bain & Company
8. Roland Berger
. Mr. Whitlow is a member of the Urban Land Institute, PREA PREA Pension Real Estate Association
PREA Prison Rape Elimination Act of 2003
PREA Pennsylvania Rural Electric Association
, and the National Association of Real Estate Investment Trusts. He received his Masters of Management from the J.L. Kellogg Graduate School of Management at Northwestern University and Masters of Architecture from the University of Illinois University of Illinois may refer to:
  • University of Illinois at Urbana-Champaign (flagship campus)
  • University of Illinois at Chicago
  • University of Illinois at Springfield
  • University of Illinois system
It can also refer to:
. PR: Jennifer Giambroni, 415-391-3040, jennifer@tmgsf.com

Professor George W. Gau, of the University of Texas, Austin, Department of Finance McCombs School of Business The Red McCombs School of Business at the University of Texas at Austin is one of the most distinguished business schools in the United States. The McCombs School includes about 4,500 undergraduates and was founded in 1922. , is an expert regarding real estate market analysis, mortgage banking and real estate investment. 512-471-6612

ExpertSource cannot guarantee the immediate availability of these experts or their familiarity with this specific issue.

ExpertSource provides academic and industry experts to the media at no charge. Journalists are encouraged to submit queries to ExpertSource when seeking experts on specific subjects. An online registration form is available at http://www.businesswire.com/ifmd/index.html.
COPYRIGHT 2002 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2002, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Jun 26, 2002
Words:494
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