46
Ask the
Economist
Peter Muoio,
Chief Economist
Auction.com
P
eter Muoio is an EVP at Auction.
com, where he is Chief Economist
and head of Aucion.com Research.
In this position, Peter heads all
commercial and residential research and
analytics for Auction.com and is Senior
Principal of Maximus Advisors, its third-
party research provider. Dr. Muoio has nearly
30 years of experience in real estate research,
specializing in tailored real estate research for
specific transactions, underwritings, portfolios
and strategies, as well as a steady stream of
research on the macro and regional economies,
capital markets, and their impact on the full
spectrum of real estate segments. DS News
recently spoke with Dr. Muoio on housing
recovery, the investment market, and Q2 GDP
growth.
Where do you see the housing market right
now in terms of recovery, and what more, if
anything needs to be done to have a complete
recovery? In terms of where we stand, there's
actually two ways to look at it. If you look at
it from the perspective of home prices, we're
pretty much fully recovered. Home prices are
approaching their pre-bust peaks, and that's
looking at it across the various gauges of home
prices.
