Dismal Scientist
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Economist Biographies

Our Contributors.

Celia Chen

Celia Chen is a senior director of the Moody's Economy.com research staff, specializing in housing economics. Celia manages the Moody’s Economy.com regional house price forecast models, develops proprietary housing market indicators, and writes extensively about housing issues. Based in the West Chester PA office, Dr. Chen also edits Précis State and has participated in numerous consulting projects, including econometric modeling of regional house price forecasts, consumer lending, and mortgage lending.

Celia speaks regularly at Moody’s client conferences and has provided economic commentary on Wall Street Radio, Bloomberg and CNBC. Celia completed her Ph.D. at the University of Pennsylvania, with a concentration in econometrics and international finance. She holds a bachelor’s degree in economics from Barnard College.

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Analysis

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Aug 24, 2010  Foreclosure Prevention Program Helping Relatively Few
Aug 12, 2010  Modified Home Loan Delinquencies Reported Higher
Aug 11, 2010  Double Dip Could Take 20% More From House Prices
Aug 02, 2010  A Prop for Sagging Credit Scores
Jul 21, 2010  Private Sector Steps Up Foreclosure Prevention
Jul 02, 2010  Little Impact on Home Sales, Prices From Tax Credit Extension
Apr 30, 2010  Survey Points to More Strategic Defaults
Apr 28, 2010  Home Sales Will Feel the End of the Tax Credit
Apr 21, 2010  Housing Closer to Balance, but Prices Will Fall Further
Apr 15, 2010  HAMP Initiative Chips Away at the Foreclosure Problem
Apr 13, 2010  'Strategic' Defaults Could Derail Housing Recovery
Mar 01, 2010  Housing Update: The Correction Continues
Jan 11, 2010  U.S. Housing Outlook 2010: A Year of Recuperation
Dec 14, 2009  Housing Update: Improvements Will Be Temporary
Nov 30, 2009  Administration Plans to Pressure Mortgage Servicers
Nov 25, 2009  Housing Woes Move Up the Ladder
Oct 29, 2009  Survey Sends False Positive on Housing Inventory
Oct 06, 2009  HMDA Data Highlight a Transformed Mortgage Market
Jul 24, 2009  A Long Crawl Back for Regional House Prices
Jul 09, 2009  Foreclosures Drag on U.S. Recovery
Apr 06, 2009  Hope in the Air for Housing
Mar 30, 2009  More Help for the Mortgage Market
Feb 04, 2009  Housing in Crisis: A Bottom Comes Into View
Dec 16, 2008  Homebuilding Still in Retreat
Nov 11, 2008  Aid From Mortgage Lenders Still Just a Small Step
Oct 01, 2008  Little Consolation in Regional House Price Data
Sep 10, 2008  Housing Outlook Unchanged by GSE Takeover
Sep 08, 2008  GSE Takeover Will Narrow Mortgage Spreads
Aug 06, 2008  Housing Bottom Watch: Are We There Yet?
Jul 24, 2008  Congress Takes Important Step Toward Housing Relief
Feb 12, 2008  Washington's Lifeline Isn't Long Enough
Feb 08, 2008  Higher Loan Limits, Marginal Benefit for Housing
Jan 31, 2008  Housing Bust Not a Cure for Affordability
Nov 14, 2007  U.S. Housing Outlook: A Darker Shade of Black
Aug 08, 2007  Fannie and Freddie: Heroes?
Apr 18, 2007  Regulators to Lenders: Go Easy on Subprime Borrowers
Mar 19, 2007  Subprime Sinkhole
Feb 28, 2007  Freddie Mac Announces Tighter Subprime Lending Standards
Jan 16, 2007  Moody's Economy.com 2007 U.S. Housing Outlook
Oct 04, 2006  And Now the Deluge...
Jul 18, 2006  Home Inventories Are Piling Up
Jun 07, 2006  Tipping Point for U.S. Housing Markets
Mar 28, 2006  Winter Woes for Housing
Jan 13, 2006  Moody's Economy.com 2006 U.S. Housing Outlook
Jul 28, 2005  U.S. Housing Market: The Never-ending Party
Jun 30, 2005  Investors are Fueling the Froth in U.S. Housing Markets
Jun 23, 2005  U.S. Bubble Trouble
May 16, 2005  Rising Risks for Mortgage Credit Quality
May 12, 2005  Pace of U.S. Regional House Price Appreciation Picks Up
Apr 08, 2005  Inventory of Homes is Building Up
Mar 30, 2005  ARMs Today, Trouble Tomorrow
Mar 03, 2005  Homeownership Affordability Erodes
Mar 02, 2005  More on House Price Trends
Feb 28, 2005  U.S. New Home Sales Plunge in January
Feb 25, 2005  Existing Home Sales Flat in the U.S.
Jan 31, 2005  New Home Sales Flat
Jan 10, 2005  2005 U.S. Housing Markets Outlook
Dec 16, 2004  U.S. Housing Starts Plunge in November
Nov 18, 2004  Metro Area House Price Appreciation Slowing
Nov 17, 2004  U.S. Housing Starts up Strongly
Nov 15, 2004  Metro Area House Price Appreciation Slowing
Oct 27, 2004  New Home Sales Up in September
Oct 25, 2004  More Bubble Talk
Sep 23, 2004  Batten Down the Hatches
Sep 09, 2004  U.S. Mortgage Delinquencies Tick Up
Aug 19, 2004  Condo Crazy
Aug 04, 2004  Condo Market Still Strong
Jul 28, 2004  Fed Concurs: House Price Growth to Slow Dramatically. 
Jul 16, 2004  House Price Bubble Worries
Jun 21, 2004  High End Homes Will Hold Up Better
Jun 15, 2004  U.S. Mortgage Delinquency Rates Improve
Jun 01, 2004  House Price Appreciation Slows
May 27, 2004  Builders Face Inflation
May 04, 2004  ARMs Today, Trouble Tomorrow?
Apr 28, 2004  A Nation of Homeowners
Apr 22, 2004  U.S. Preview: March Home Sales
Apr 21, 2004  U.S. Preview: March Home Sales
Mar 31, 2004  Apartment Markets: The Dark before the Dawn
Mar 30, 2004  U.S. Housing Affordability Increases
Mar 22, 2004  Home Sales Preview
Mar 02, 2004  U.S. Homes More Affordable
Mar 01, 2004  No Slowing in U.S. House Price Appreciation
Mar 01, 2004  Inexpensive Homes Get a Boost
Feb 04, 2004  Condo Price Exceeds Existing Home Price
Feb 04, 2004  Affordability Slides for First Time Homebuyers
Feb 04, 2004  Record U.S. Homeownership Rate
Feb 02, 2004  Housing Affordability up for the Year, but Retreats in December
Jan 30, 2004  2004 Outlook for U.S. Housing Markets
Jan 06, 2004  Houses More Affordable
Jan 06, 2004  Apartment Market Crawls Along Bottom
Dec 29, 2003  Replacing Old Homes
Dec 10, 2003  Builders Are Eternally Optimistic
Dec 02, 2003  House Price Appreciation:  The Big Picture
Dec 01, 2003  Forever Renters
Nov 24, 2003  Funding to Expand Homeownership
Nov 24, 2003  House Prices March Upward
Nov 05, 2003  Condos Becoming Pricier
Nov 04, 2003  An Owner-Occupied House Is a Home for Me
Oct 29, 2003  A Nation of Homeowners
Oct 14, 2003  Housing Markets Then and Now
Oct 07, 2003  Housing’s Long Run Upside
Oct 07, 2003  Hope for Apartments
Oct 03, 2003  Downhill for Homebuilders
Sep 29, 2003  Refi Risk
Aug 22, 2003  The Bell Tolls for Housing
Jul 22, 2003  Empty Apartments
Jun 20, 2003  The Truth About the U.S. Housing CPI
May 23, 2003  Day of Reckoning Will Come
Apr 10, 2003  Stylized Facts Do Not Always Fit
Mar 27, 2003  Housing's Last Stand
Mar 13, 2003  House Party Is Winding Down
Feb 12, 2003  Stable, but Troubling
Dec 12, 2002  Deflating Bubbles
Nov 14, 2002  Renters Failing to Regroup
Oct 16, 2002  Housing Is Not What It Was
Oct 08, 2002  Refis to the Rescue
Sep 11, 2002  9/11: The Impact on New York City and Washington D.C.
Aug 16, 2002  House Price Bubbles Are Percolating
Jul 25, 2002  Multifamily Hits Bottom
Jun 25, 2002  Inevitably, House Prices Adjust
May 29, 2002  No Bubble to Pop
Apr 25, 2002  Housing's Foundation Is Eroding
Apr 02, 2002  Multiple Problems for Multifamily
Feb 28, 2002  House Afire
Jan 24, 2002  Schumpeter Would Not Shop At Kmart
Jan 11, 2002  The Hungry Wolf at Housing's Door
Dec 10, 2001  House Price Histrionics
Nov 09, 2001  Multifamily Turnaround Delayed
Oct 10, 2001  Housing Markets Deflate
Sep 13, 2001  New York's Economy Is Bowed, but Not Broken
Aug 24, 2001  Housing Is Still On a Sturdy Foundation
Aug 17, 2001  The Wilting Consumer
Jul 19, 2001  Housing Offers Shelter from Falling Wealth
Jun 21, 2001  Wheels Are Back On Manufactured Housing
May 23, 2001  Housing Offers Hope
May 01, 2001  Retail Industry Winners and Losers
Apr 03, 2001  Shrinking Wealth
Mar 01, 2001  Confidence to Prudence to Anxiety
Feb 08, 2001  Savings Warning
Jan 04, 2001  Fed Can't Erase Holiday Blues
Dec 08, 2000  'Tis the Season for Nail Biting
Nov 14, 2000  E-tailers and the Wealth Effect
Oct 11, 2000  June Cleaver Redux
Sep 20, 2000  The Ghost of Christmas Future
Aug 22, 2000  Not All Bad Debt Lives in the Trailer Park
Aug 16, 2000  Spending Down, Borrowing Up
Jul 26, 2000  Cartels Aren't Forever
Jul 21, 2000  Swimming Not Sinking
Jun 30, 2000  Risky Debt Service Burdens
Jun 27, 2000  Bargains No More
Jun 06, 2000  Retail Activity Is Losing Steam
May 30, 2000  Congratulations! Now Pay Up
May 17, 2000  Still Hungry
Apr 19, 2000  Reckoning Day for E-tailers
Mar 31, 2000  Today's Predator, Tomorrow's Prey
Mar 10, 2000  B2B Will Drive the New Economy
Jan 24, 2000  Household Finances Get a Boost
Jan 05, 2000  A Post-Holiday Wrap-up
Dec 17, 1999  Far-From-Dismal Christmas
Dec 01, 1999  A Merry Merry Christmas
Oct 19, 1998  Is the Wealth Effect Reversing?
Sep 17, 1998  All Eyes on Consumers
  

Economic Indicators

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