Nima Nattagh This is Me

 Web References

1. 1. STEELFRAME.COM - home

   www.steelframe.com/index.php3? - [Cached]

   Published on: 6/20/2000   Last Visited: 12/26/2001

   "The housing market has recorded solid gains for 4 straight years now and while there are some indications of a market cool off in some areas, we expect home values to continue to rise above the general inflation rate for the remainder of year," said Nima Nattagh, Research Director at First American RES.
   
   Among the top 35 major metropolitan areas included in the First American report, San Jose, Denver, Boston and San Diego were listed as the best performers. Since the start of the housing market recovery in 1996, home values in San Jose are up by more than 53 percent compared to 20 percent in the US as a whole.
   
   The report, however, shows a fairly wide range of performance levels across the country and highlights a clear link between strong regional economies and overheating housing markets. In Boston, San Jose, Stamford and San Diego a strong presence by "high technology" companies has been the main driving force behind economic growth. That, combined with demand for housing exceeding supply, has brought about extremely high rates of home value appreciation "that reduce affordability and damage the long term health of the local economies," said Nima Nattagh.
   
   Most regions, however, reported modest gains of between 2 to 5 percent that is more sustainable and in line with national income growth rate. In Riverside and San Bernardino, home values dropped by 1.3 percent -- the only metropolitan area included in the report that recorded a decline.
   
   First American RES's figures, which are based on a "repeat sales model," track the resale value of the same homes which have sold at least twice and show price trends based on gains or declines evidenced by these repeat sales. This method is considered by the industry to be a more accurate measure than changes in average or median prices of homes sold, as it eliminates trend shifts which occur from changes in the type of homes sold from one period to another.

2. 2. Focus News Archive -- August 1999

   www.floorfocus.com/Trade/NewsA - [Cached]

   Published on: 8/1/1999   Last Visited: 12/20/2001

   "The housing market has been in a state of recovery for more than 3 years now, and while there is consensus that this recovery will continue for some time, we expect home values increases to moderate in the second half of 1999 and beyond," said Nima Nattagh, Director of Research at First American RES.
   
   First American's report shows that home values in most metropolitan areas increased by about 3 to 6% in the second quarter but remain soft in a handful of areas in the northeast region-primarily in New Jersey and Pennsylvania. Los Angeles and Boston have emerged as the top runners in this latest quarterly report, with home value increases of 14.6% and 12.2%, respectively. However, despite the two year recovery in Los Angeles, the nation's largest housing market, home values are still 10% below their 1990 level-the peak of the last housing boom. Throughout the 1990s, only parts of California and Hartford, Connecticut, have earned the dubious distinction of declining home values among areas included in the First American report. At the other end of the scale, homes in Denver and Portland have more than doubled in value. So far this decade, U.S. home values have increased by an average of 2.3% per annum-on par with the general inflation rate.

3. 3. First American - Press Releases

   www.fatv.com/faf/news/newsdisp - [Cached]

   Published on: 2/29/2000   Last Visited: 12/17/2001

   Nima Nattagh
   ...
   "Looking to the near future, increases in home values will moderate during the course of this year in line with an anticipated slower rate of economic expansion and higher mortgage cost," said Nima Nattagh, Research Director at First American RES.
   
   US : Change in Home Values from the Previous Year (Based on a repeat sales model)
   
   US : Change in Home Values from the Previous Year (Based on a repeat sales model)