Case-Shiller On The Way
Flickr, Images of MoneyThe S&P/Case-Shiller index of property values in 20 cities will be released today. It is one of the critical barometers of home prices and is usually a fairly good basis on which to forecast near-term trends. The…
The S&P/Case-Shiller index of property values in 20 cities will be released today. It is one of the critical barometers of home prices and is usually a fairly good basis on which to forecast near-term trends. The index has continued to drop most months since the advent of the housing crisis. But, the data could surprise on the upside. Builder confidence is up, although that does not directly influence home prices. Realtors have begun to show some optimism about the movement of inventory if NAR data is a fair indication. The Case-Shiller information is also important psychologically. Stock and bond markets will watch it as a signal of the direction home prices are likely to take over the next several months.
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Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.
McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.
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A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.
TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.
McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.
