ADVISORY/Experts Available To Discuss Slowing Housing Market.Business Editors ADVISORY... --(BUSINESS WIRE) TOPIC: Some analysts are claiming the housing boom is over as mortgage interest rates will increase as the economy improves, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. an article by USA TODAY USA Today National U.S. daily general-interest newspaper, the first of its kind. Launched in 1982 by Allen Neuharth, head of the Gannett newspaper chain, it reached a circulation of one million within a year and surpassed two million in the 1990s. . Other analysts believe the slowing housing market is due to temporary factors such as bad winter weather and the war in Iraq. Although the numbers on March sales will not be released until Friday, preliminary information suggests the housing market has dropped. EXPERTS: ExpertSource can offer several highly qualified experts to comment on this story: Professor Karl Case, of Wellesley College Wellesley College, at Wellesley, Mass.; for women; chartered 1870, opened 1875. Long a leader in women's education, it was the first woman's college to have scientific laboratories. , is a recognized national expert on real estate, housing, public finance, real estate markets and prices. He has authored several studies that attempt to isolate the causes and consequences of boom and bust In economics, the term boom and bust refers to the movement of an economy through economic cycles. The Boom-Bust economic cycle According to most economists, an economic boom is typically characterized by an increased level of economic output (GDP), a corresponding cycles and their relationship to regional economic performance. A visiting scholar at the Federal Reserve Bank of Boston The Federal Reserve Bank of Boston is responsible for the First District of the Federal Reserve, which covers Connecticut (excluding Fairfield County), Massachusetts, Maine, New Hampshire, Rhode Island and Vermont. It is headquartered in Boston, Massachusetts. and a partner in the real estate research firm of Case Shiller Weiss Inc., he also serves as a member of the boards of directors of the Mortgage Guaranty Insurance Corp. (MGIC MGIC Mortgage Guaranty Insurance Company MGIC Montana Geographic Information Council ), Century Bank, The Lincoln Institute of Land Policy The Lincoln Institute of Land Policy is an American Non-profit organization educational institution established in 1974 to improve public knowledge and debate in regards to land policy and land-related taxation. and the New England Economic Project. Before coming to Wellesley, he directed Harvard University's undergraduate program in economics. PR: Arlie Corday, 781-283-3321, acorday@wellesley.edu With 25 years of real estate experience, Scott Gibson oversees operations of 46 offices and more than 3,500 sales associates in Los Angeles, Ventura and Santa Barbara counties. For the past five years, Coldwell Banker has been the market leader in Southern California, with the company generating $14.9 billion in sales volume during 2001. Gibson can address local and national real estate trends, such as where the overall residential real estate market is starting to soften; why the housing "bubble" we're hearing about is an incorrect assessment of the market; and an insider's perspective of real estate economics, such as how the industry is bolstering the economy for banks, owners and buyers. PR: Chad Darwin, 323-966-5730, cdarwin@hillandknowlton.com Professor John Michael Quigley, of the University of California, Berkeley The University of California, Berkeley is a public research university located in Berkeley, California, United States. Commonly referred to as UC Berkeley, Berkeley and Cal , Department of Economics, is an expert on topics such as economics, public finance and housing markets. 510-643-7411 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/. |
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