Monday, November 20, 2006

Forecasting Changes on the Housing Front

By Nancy Moffitt
Real Estate Professor Todd Sinai With Unconventional Wisdom on Cooling Home Prices

Todd Sinai is a master of understatement, describing his explosive research on the recent residential real estate downturn as little more than "a fairly fortuitous time to be undertaking this exercise."
Indeed. The Wharton real estate professor and two colleagues set off a torrent of media attention with their September 2005 op-ed in the Wall Street Journal, a piece that disputed widely held beliefs about recent sky-high housing prices.

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