Condensed Chapter 5 Slides

Condensed Chapter 5 Slides - Chapter 5 Residential Market...

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“Real Estate Principles for the New Economy”: Norman G. Miller and David M. Geltner Chapter 5 Residential Market Analysis
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“Real Estate Principles for the New Economy”: Norman G. Miller and David M. Geltner Major Topics Demand drivers for home ownership Drivers of long and short term owner occupied housing market The decision to buy or rent The cost of home ownership Calculating what you can afford How the government supports mortgage lending and discourages discrimination Age and ownership Simple models of multifamily housing analysis The dynamics of rental housing market Trends in residential housing
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“Real Estate Principles for the New Economy”: Norman G. Miller and David M. Geltner Introduction Residential structures account for 24% of value of all assets owned in U.S. Each generation desires bigger and better homes Average new housing is 25% bigger than what it was fifty years ago Home ownership rate has been rising steadily 64% in 1990 to 68% in 2002
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“Real Estate Principles for the New Economy”: Norman G. Miller and David M. Geltner Is Home Ownership a Right? Home ownership is thought to provide not only shelter and comfort but also some degree of financial security, and in some cases significant investment returns as well In a capitalistic system, no one has a “right to home ownership”, but safe and healthy housing for all citizens is considered a national priority – much like full employment
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“Real Estate Principles for the New Economy”: Norman G. Miller and David M. Geltner Long Term Demand for Housing Demand for housing is a function of: Household growth rate General economic productivity Indicators of housing demand: Population Household sizes
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“Real Estate Principles for the New Economy”: Norman G. Miller and David M. Geltner
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This note was uploaded on 02/07/2012 for the course FIN 4380 taught by Professor Staff during the Spring '08 term at Texas State.

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Condensed Chapter 5 Slides - Chapter 5 Residential Market...

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