David M. Blitzer and Housing Booms and Busts

In an article published in the June 2013 issue of the Foreclosure News Report — titled “The Housing Bubble: Black Swan or Ugly Duckling” — David M. Blitzer, managing director and chairman of the Index Committee for S&P Dow Jones, explains that housing bubbles aren’t  that rare nor are they uniquely an American event. He writes that volatile home prices occurred recently in England, Ireland and Spain. Even Hong Kong saw  prices rise and fall in 2003, losing 40 percent before rebounding again in 2012.

In fact, he writes, housing booms and busts have happened for hundreds of years —  in Europe, Asia and the United States. And they will continue to take place, he argues.

“Housing booms and busts go back  as far, or farther than the United States so the bubble shouldn’t have been much of a surprise,” claims Blitzer. As the nation spread westward from its colonial beginnings up and down the eastern seaboard, land speculation and  financial crises were all-too common events.”

To read the full article you’ll want to subscribe to our award-winning Foreclosure News Report, a monthly e-newsletter filled with remarkable real estate news, interesting features, penetrating opinions pieces by industry leaders and legal and legislative updates  affecting the real estate marketplace.

We are so convinced that you will enjoy the Foreclosure News Report that we are offering you a free issue by clicking here.

To search and research real estate data for more than 130 million properties nationwide, sign up for a FREE trial to RealtyTrac.

For the latest real estate news and trends get a FREE issue of our award-winning real estate newsletter, the Housing News Report.

Related Posts

Leave a Reply

Copyright © 2016 Renwood RealtyTrac LLC - All rights reserved