ADVISORY/Experts Available to Discuss Housing Prices and Housing Bubble.Business Editors ADVISORY... --(BUSINESS WIRE)--Oct. 3, 2002 TOPIC: Alan Greenspan said the prospect of a real estate bubble is "most unlikely," according to an article by Investor's Business Daily. The fact that home sales and prices have maintained through a weak economy has some worried that the real estate market is due to fall in some regions, the article says. But the National Association of Realtors estimates 5.44 million homes will change hands this year, which is an increase of 2.7% from 2001. However, experts point out that, unlike past housing booms, builders are not overbuilding. EXPERTS: ExpertSource can offer several highly qualified experts to comment on this story: Mr. Raphael Bostic, Ph.D. is the director of the USC An abbreviation for U.S. Code. Casden Real Estate Economics Forecast. He is a former senior economist with the Federal Reserve Board of Governors and is available to discuss the dynamics of a classic housing bubble -- created by speculators hoping to make fast returns by buying homes and quickly selling them at higher prices. 213-740-1220, Bostic@usc.edu or PR: Francie Murphy, 858-350-5152, francie@fmassociates.com Dr. Rajeev Dhawan is director of the Economic Forecasting economic forecasting Prediction of future economic activity and developments. Economic forecasts, which range from a few weeks to many years, are widely used in business and government to help formulate policy and strategy. Center Robinson College of Business at Georgia State University History Georgia State University was founded in 1913 as the Georgia School of Technology's "School of Commerce." The school focused on what was called "the new science of business. . As director of the Center, Dhawan develops U.S., Southeast regional and local metro economy forecasts. Dhawan also serves as an advisor to educational institutions and local and state government agencies. As a business consultant, he has been commissioned to prepare economic impact reports, home price forecast models, and suggest public policy recommendations. Ph.D. in economics from the University of California The University of California has a combined student body of more than 191,000 students, over 1,340,000 living alumni, and a combined systemwide and campus endowment of just over $7.3 billion (8th largest in the United States). Los Angeles Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. . 404-651-3291, rdhawan@gsu.edu Professor Karl Case 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 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. |
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