Six years after the financial crisis, many believe that housing, once the headwind that pushed us into the Great Recession, is now leading the way to economic recovery. However, a closer look reveals that not all sectors of the U.S. housing market have improved equally. Exhibit 1 compares two price indices, the S&P/Case-Shiller 20-city Composite […]
Dr. Ruijue Peng is the Chief Research Officer at CoStar’s Property and Portfolio Research (PPR). Since joining the company in 1994, Dr. Peng has been charged with overseeing research and the development of econometric forecasting models and analytical tools. Dr. Peng built PPR’s forecasting model and the related platform, which serves as the underpinning of PPR's analytical research. She also directed PPR’s global expansion, building the PPR Asia Service from the ground up. After the acquisition of PPR by CoStar Group in 2009, she spearheaded the development of the CoStar Commercial Repeat-Sale Indices (CCRSI) and presented the results at the 2010 American Real Estate Society Conference. The paper on the subject won the award for the Best Paper for a Practicing Professional.
Dr. Peng earned an M.S. and Ph.D. from the Massachusetts Institute of Technology (MIT) with a concentration in urban and real estate economics. Her doctoral thesis on land supply and property prices won the American Real Estate and Urban Economics Association's Best Dissertation Award. Prior to joining PPR, Dr. Peng was a research fellow at the Joint Center for Housing Studies of Harvard University. She also served as a consultant to the World Bank.