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Session 13: Regional Economic Outlook: Will There Be Life After Housing?
In many regions of the country the housing sector has gone from an eagle to an albatross. Will it become a vulture circling the remains of this expansion? In this session our panelists offer their forecast for regional economies as they struggle with the economic aftershocks from the housing sector.
Sponsor: AUBER
Presentations
Speakers
Sean Snaith
University of Central Florida
Sean Snaith, Ph.D., is the Director of the Institute for Economic Competitiveness within the College of Business Administration at the University of Central Florida and is a widely recognized economist in the field of business and economic forecasting.
As an award-winning forecaster, researcher, and professor, Snaith is always interested in the application of academic expertise to the solution of real world problems. Snaith has served as a consultant for a client list ranging from local and regional municipalities to multi-national corporations, including Compaq, Dell and IBM. Snaith has held teaching positions at Pennsylvania State University, American University in Cairo, University of North Dakota and University of the Pacific.
Snaith frequently appears in national and regional media and is sought after as a speaker. Renowned for his engaging presentations, one business editor wrote, “Snaith (has) an uncanny knack of making economics not only understandable but interesting.”
Snaith is a member of several economic organizations and national forecasting panels including USA Today’s Survey of Top Economists, Federal Reserve Bank of Philadelphia’s Survey of Professional Forecasters and the Livingston Survey. Snaith holds a B.S. in Economics from Allegheny College and an M.A and Ph.D. in Economics from Pennsylvania State University.
Robert Kleinhenz
California Association of REALTORS
Robert Kleinhenz is the Deputy Chief Economist for the California Association of REALTORSâ, a statewide trade organization of real estate professionals with nearly 200,000 members. Robert manages C.A.R.’s research and economics department, which gathers and publishes information on the California housing market, and conducts survey research of consumers and C.A.R. members.
Dr. Kleinhenz holds a Bachelor’s degree from the University of Michigan, a Master’s degree and a Doctorate from the University of Southern California, all in Economics. His field is Urban and Regional Economics with a specialization in Land Use and Transportation Analysis. Prior to working at C.A.R, he taught Economics for over 15 years, most recently at California State University, Fullerton. He has spoken to local, state, and national audiences and is a frequent contributor to media coverage on the housing market and economy.
Dr. Kleinhenz is a member of NABE, a member of the NABE Regional Utility Roundtable, and the 2007-2008 President of the Los Angeles chapter of NABE.
James Diffley
Global Insight
James Diffley is Group Managing Director of Global Insight’s U.S. Regional Services Group, with overall responsibility for U.S. Regional Services. Since 1998, he has supervised the quarterly economic forecast of the 50 states and over 300 metropolitan areas of the United States. He regularly makes presentations of these regional economic forecasts and analysis to clients, conferences, governmental bodies, and the press.
He is also responsible for numerous customized consulting projects. These have included long-term projections of cigarette consumption, tax revenue forecasts, and numerous local economic impact studies. Mr. Diffley joined WEFA, the predecessor of Global Insight, in 1997 after nine years with the New Jersey Department of Treasury. He did his Ph.D. training in economics at the State University of New York at Stony Brook.
Mark G. Dotzour
Real Estate Center at Texas A&M University
Dr. Mark G. Dotzour is the Chief Economist and Director of Research for the Real Estate Center at Texas A&M University in College Station, Texas. He earned his Ph.D. in the Department of Finance at the University of Texas at Austin in 1987 and served as Associate Professor of Real Estate and Finance at Wichita State University for 10 years. As Chief Economist, he is currently doing market research to monitor how global and national trends are likely to impact residential and commercial real estate markets.
Prior to his academic career, he was president of Gleneagles Development, Inc., developing residential subdivisions in Wichita, Kansas. He also served as president of Dotzour Inc., Realtors, which was a residential brokerage firm in Wichita.
He has been at the Real Estate Center since August, 1997. Since then, he has published 59 articles in magazines and given over 700 presentations to more than 95,000 people. His research findings and comments have been published in the Wall Street Journal , Money Magazine, USA Today and Business Week. He was a recent guest on the Jim Lehrer Newshour on PBS.
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