The Housing and Mortgage Markets: 2008 Karl E. Case March 12, 2008.

Slides:

Advertisements

Similar presentations

John Tuccillo, PhD Prices have stopped declining, and in many areas are now steadily increasing.

Advertisements

The Money Market and the Loanable Funds Market 1.

Copyright © 2012 Pearson Prentice Hall. All rights reserved. CHAPTER 4 Web Appendix 2 Applying the Asset Market Approach to a Commodity Market: The Case.

Is the US Headed for Another Economic Crisis?. Specific Topics 1) Is the Banking Sector Stable? 2) Are State and Local Governments Solvent? 3) How Serious.

Web Appendix 2 Applying the Asset Market Approach to a Commodity Market: The Case of Gold.

FRBSF University Symposium Federal Reserve Bank of San Francisco Michael Choi Christina Collada Karl Garbacik Lance Lloyd Robert Sinclair Andrew Speer.

AGEC 489/689 Spring 2009 Overview of Financial Statements Slide Show #2.

Aggregate Demand and Aggregate Supply

CALIFORNIA HOUSING MARKET FORECAST April CALIFORNIA HOUSING MARKET OUTLOOK SERIES: CA Housing Market Outlook SOURCE: CALIFORNIA ASSOCIATION OF REALTORS®

Exchange Rates and the Open Economy Chapter 18. Foreign Exchange Market Abbreviation: FOREX Over a trillion dollars worth are traded daily. Most trading.

The Market for Real Estate Knowledge Chapter 1. Real Estate - Physical Land and Attached Structures What is Real Estate?

Warm Up What is the interest rate on currency?. Current Events Press Release Release Date: January 29, 2014 For immediate release Information received.

Slide 0 Types of Investment  Business fixed investment: businesses’ spending on equipment and structures for use in production  Residential investment:

Committee on Financial Institutions Texas House of Representatives Residential Mortgage Foreclosure Credit Cards Financial Education Testimony by: Robert.

Review of the previous lecture 1. All types of investment depend negatively on the real interest rate. 2. Things that shift the investment function: 

Market Update for Hawaii Developer’s Council July 21, 2005 Harvey A. Shapiro Research Economist Honolulu Board of Realtors

INTEREST RATE AND MONETARY POLICY Pertemuan 11 Matakuliah: J0594-Teori Ekonomi Tahun: 2009.

Greater Phoenix Housing Market Update Michael Orr, Director Center for Real Estate Theory & Practice May 6, 2015

Balance of Payments : When American citizens and firms exchange goods and services with foreign consumers and firms, payments are sent back and forth through.

A Historical Perspective on Housing Downturns Eric S. Rosengren President & CEO Federal Reserve Bank of Boston CBIA Economic Summit January 8, 2008 EMBARGOED.

Salt Lake Real Estate Market Performance in 2014 Total Sales: 1.Single family down 1.7% to 11,500 homes. 2.Condos unchanged at 3,000 units. Value of Sales:

Copyright © 2003 by South-Western/Thomson Learning. All rights reserved. CHAPTER 23 Financial Aspects of the Household, Firm, Government, and Rest-of-the-

Prepared by: Jamal Husein C H A P T E R 10 © 2005 Prentice Hall Business PublishingSurvey of Economics, 2/eO’Sullivan & Sheffrin Measuring a Nation’s Production.

1 20 C H A P T E R © 2001 Prentice Hall Business PublishingEconomics: Principles and Tools, 2/eO’Sullivan & Sheffrin Measuring a Nation’s Production and.

©2014 OnCourse Learning. All Rights Reserved. CHAPTER 1 Chapter 1 Real Estate Space and Asset Markets SLIDE 1.

Quantity of Federal Funds Borrowed and Lent Federal Funds Rate 6 % Supply of Federal Funds Demand for Federal Funds E.

33 Monetary Policy McGraw-Hill/Irwin Copyright © 2012 by The McGraw-Hill Companies, Inc. All rights reserved. 15.

16 Interest Rates and Monetary Policy McGraw-Hill/Irwin Copyright © 2012 by The McGraw-Hill Companies, Inc. All rights reserved.

Unit 4: Money and Monetary Policy 1. The Money Market (Supply and Demand for Money) 2.

The Money Market AP Macro. The Money Market The market where the Fed and the users of money interact thus determining the nominal interest rate (i%).

Introduction to Business © Thomson South-Western ChapterChapter Chapter 2 Measuring Economic Activity Economic Conditions Other Measures of Business Activity.

Unit-2 Macro Review GDP, Unemployment, Inflation.

BU204 - Macroeconomics Unit 8 Seminar. Key Term Assignment Fiat money M1 M2 FED Bank Reserves Federal funds rate FED discount rate Monetary policy.

CALIFORNIA HOUSING MARKET FORECAST June U.S. HOUSING MARKET OUTLOOK SERIES: U.S. Existing home sales of single-family homes and condo/coops SOURCE:

18 McGraw-Hill/Irwin Copyright © 2013 by The McGraw-Hill Companies, Inc. All rights reserved. Interest Rates and Monetary Policy 18.

Real Estate Sales July Mobile & Baldwin County Single Family Residential Homes Sold - Trend DecFebAprJunAugOctDecFebAprJunAugOctNovDecJanFebMarAprMayJunJul.

May MLS Sales Statistics The May 2013 MLS statistics will be released on Tuesday morning, and here are some quick takeaways: The Houston housing market.

Chapter 07: Single Family Housing: Pricing, Investment, and Tax Considerations McGraw-Hill/Irwin Copyright © 2011 by the McGraw-Hill Companies, Inc. All.

Chapter 4 Appendix 2 Applying the Asset Market Approach to a Commodity Market: The Case of Gold.

2008 Macroeconomic Highlights. Economic Slowdown Begins Q4 of 2007: – Real GDP declines in Q4 of 2007 Shaded area = recession.

1 Copyright © 2001 by The McGraw-Hill Companies, Inc. All rights reserved. McGraw-Hill/Irwin CHAPTER 1 THE DISCIPLINE OF REAL ESTATE Classical and Neoclassical.

U.S. Housing Bubble In Sik Chung.  1. Timeline of Housing Bubble  2.Cause -Doc-com effect -Historically low interest rate -Financial instrument(Subprime)

Robert Gardner CEO/Partner Legacy Mutual Mortgage A Division of Gardner Financial Services 1635 N.E. Loop 410 Suite 205 San Antonio, Texas

Is The US Housing Market Doing Well? Group 1 Day2 Pauline Tsai, Chris Wang.

Monetary Policy Chapter 15. Chapter 15 Table 15.1 Fed Assets and Liabilities.

ECO 365 Week 1 DQ 6 a.) According to the Federal Housing Finance Agency house price index, U.S. housing prices declined throughout 2008 and What.

In This Week’s “The EDGE”

Monetary Policy Wrap-up

The Housing Market.

Reverse Mortgage Market Index (Q RMMI)

Mr. Mayer AP Macroeconomics

Housing Affordability – Traditional Index

Banking Industry: Structure and Competition

Housing Affordability – Traditional Index

ECON The Wall Street Journal

32A Appendix The Relationship of the Aggregate Demand Curve to the Aggregate Expenditures Model This appendix presumes knowledge of the aggregate expenditures.

The Role of Money and Credit

Housing Affordability – Traditional Index

Housing Affordability – Traditional Index

Housing Affordability – Traditional Index

CHAPTER 3 Monetary Policy.

Property Tax Section 13.1.

California Housing Affordability Update

Gross Domestic Product & Growth

Chapter 12 Appendix This appendix presumes knowledge of the aggregate expenditures model discussed in chapter 31. The aggregate demand curve is derived.

This appendix presumes knowledge of the aggregate expenditures model discussed in chapter 11. The aggregate demand curve is derived from the aggregate.

California Housing Affordability Update

California Housing Affordability Update

California Housing Affordability Update

The Money Market AP Macro Economics 2301.

Presentation transcript:

The Housing and Mortgage Markets: 2008 Karl E. Case March 12, 2008

LAND AND STRUCTURE VALUES: RESIDENTIAL REAL ESTATE Billions of Dollars Dates*Residential Assets Replacement- cost of Structure LandLand as % of Total Residential Assets *:As of 4 th Quarter Source: Federal Reserve System Flow of Funds Data and author’s calculations, see text.

Supply of Existing Units D D’ Number of Units Price Added to Inventory Sticky Price Downward stickiness leads to a sharp decline in the number of existing home sales and a rapid rise in inventory of unsold homes. Observed Transactions will not reflect current equilibrium. The Existing Home Market