The Balance of Home Buyers in Boom and Post Boom Markets PDF Download

Author: Karl E. Case
Publisher:
ISBN:
Category : Housing, Single family
Languages : en
Pages : 21

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Author: Karl E. Case
Publisher:
ISBN:
Category :
Languages : en
Pages : 21

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Book Description

Author: Karl E. Case
Publisher:
ISBN:
Category : Consumers' preferences
Languages : en
Pages : 60

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Book Description
A questionnaire survey looked at home buyers in May 1988 in two "boom" cities currently experiencing rapid price increases (Anaheim and San Francisco), a "post-boom" city whose home prices are stable or falling a couple years after rapid price increase (Boston) and a "control" city where home prices had been very stable (Milwaukee). Home buyers in the boom cities had much higher expectations for future price increases, and were more influenced by investment motives. The interpretations that people place on the boom are not usually related to any concrete news event; there are instead oft-repeated cliches about home prices. This suggests that sudden real estate booms have, at least in part, a social, rather than rational or economic, basis. There is evidence for excess demand in boom markets and excess supply in the post-boom market; there appear to be various reasons for this: notions of fairness, intrinsic worth, popular theories about prices, coordination problems, and simple mistakes.

Author: David Lereah
Publisher: Crown Currency
ISBN: 0385515278
Category : Business & Economics
Languages : en
Pages : 300

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Book Description
Are You Missing the Real Estate Boom? author David Lereah, chief economist for the National Association of Realtors, asks. We are experiencing a historic wealth-building opportunity. To ensure that your don’t miss out, Lereah provides the tools, information, and analysis you need to become a savvy real estate investor. And he shows how to integrate real estate into your overall investment strategies and financial planning goals. Among the information you’ll find in the book: How to become a master at dealing with real estate agents, brokers, and lenders. Which home improvements will result in the greatest long-term gains. How to identify the vacation homes and regions that will increase the most in value. How to finance a first-time home—with or without a big down payment. Why will the real estate boom continue into the next decade? Low interest rates are part of the story. Although mortgage rates have notched up slightly over the last year, they still remain historically very low. Technological advances from online real estate listings to automated underwriting to an explosion of financing options have reduced home ownership costs and simplified the process of buying and selling. Continued high demand from baby-boomers buying larger homes, second homes, and retirement homes, and a new wave of immigrants and “echo” boomers buying first homes, ensure that the boom will continue into the next decade. The long-term fundamentals for housing remain strong into the foreseeable future, claims Lereah. Far from a real estate “bubble,” what we are experiencing today is a phenomenon that takes place only once every other generation: a long-term real estate market expansion. Isn’t it time you started taking advantage of it today? Are you missing the real estate boom? Can you increase your wealth from it? For most people—including current homeowners—the answer is a resounding yes. But it’s not too late to increase your stake in the greatest real estate boom of our generation. Whether you are a first-time buyer or already own your home, Are You Missing the Real Estate Boom? will show you how you can dramatically increase your overall wealth. Author David Lereah, chief economist for the National Association of Realtors, shows why the real estate market is poised to climb higher over the next decade—and explains what you can do to profit from it. Lereah calls today’s market a “once-in-every-other generation opportunity.” Today's boom is not just driven by low interest rates—there are a host of demographic and economic reasons why real estate will continue to outpace other investments, from the growing needs of the baby-boomer generation and the rise of the “echo” boomer generation to the new ways real estate is marketed and sold. Are you a first-time buyer? A current homeowner considering whether or not to trade up? There has never been a better time to do so, Lereah convincingly claims. In Are You Missing the Real Estate Boom?, Lereah explains what to look for when you’re buying a home; which improvements add the most value to your current home; what to consider when purchasing rental properties; how to evaluate real estate investment trusts (or REITs); and the pros and cons of second homes. Full of detailed information on how to work with a real estate agent and a mortgage lender, how to analyze local markets and regional fluctuations, and how to best finance your investment, Are You Missing the Real Estate Boom? offers readers the seasoned advice they need to invest with confidence and reap outsized rewards.

Author: Thomas Sowell
Publisher: Basic Books
ISBN: 0786747552
Category : Business & Economics
Languages : en
Pages : 258

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This is a plain-English explanation of how we got into the current economic disaster that developed out of the economics and politics of the housing boom and bust. The "creative" financing of home mortgages and the even more "creative" marketing of financial securities based on American mortgages to countries around the world, are part of the story of how a financial house of cards was built up -- and then suddenly collapsed. The politics behind all this is another story full of strange twists. No punches are pulled when discussing politicians of either party, the financial dangers they created, or the distractions they created later to escape their own responsibility for what happened when the financial house of cards in the financial markets collapsed. What to do, now that we are in the midst of an economic disaster, is yet another story -- one whose ending we do not yet know, but one whose outlines and implications are explored to reveal some surprising and sobering lessons.

Author: Reynolds Farley
Publisher: Russell Sage Foundation
ISBN: 1610441974
Category : Social Science
Languages : en
Pages : 402

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"The Census is a most valuable source of information about our lives; these volumes make the story it has to tell accessible to all who want to know." —Lee Rainwater, Center for Advanced Study in the Behavioral Sciences "A lucid and balanced overview of major trends in the United States and essential reading for policymakers. State of the Union is a reality check that provides the factual basis for policy analysis."—Peter Gottschalk, Boston College State of the Union: America in the 1990s is the definitive new installment to the United States Census Series, carrying forward a tradition of census-based reports on American society that began with the 1930 Census. These two volumes offer a systematic, authoritative, and concise interpretation of what the 1990 Census reveals about the American people today. •Volume One: Economic Trends focuses on the schism between the wealthy and the poor that intensified in the 1980s as wages went up for highly educated persons but fell for those with less than a college degree. This gap was reflected geographically, as industries continued their migration from crumbling inner cities to booming edge cities, often leaving behind an impoverished minority population. Young male workers lost ground in the 1980s, but women made substantial strides, dramatically reducing the gender gap in earnings. The amount of family income devoted to housing rose over the decade, but while housing quality improved for wealthy, older Americans, it declined for younger, poorer families. •Volume Two: Social Trends examines the striking changes in American families and the rapid shifts in our racial and ethnic composition. Americans are marrying much later and divorcing more often, and increasing numbers of unmarried women are giving birth. These shifts have placed a growing proportion of children at risk of poverty. In glaring contrast, the elderly were the only group to make gains in the 1980s, and are now healthier and more prosperous than ever before. The concentrated immigration of Asians and Latinos to a few states and cities created extraordinary pockets of diversity within the population. Throughout the 1990s, the nation will debate questions about the state of the nation and the policies that should be adopted to address changing conditions. Will continued technological change lead to even more economic polarization? Will education become an increasingly important factor in determining earnings potential? Did new immigrants stimulate the economy or take jobs away from American-born workers? Will we be able to support the rapidly growing population of older retirees? State of the Union will help us to answer these questions and better understand how well the nation is adapting to the pervasive social and economic transformations of our era. A Volume in the Russell Sage Foundation Census Series

Author: Eugene N. White
Publisher: University of Chicago Press
ISBN: 022609328X
Category : Business & Economics
Languages : en
Pages : 408

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The central role of the housing market in the recent recession raised a series of questions about similar episodes throughout economic history. Were the underlying causes of housing and mortgage crises the same in earlier episodes? Has the onset and spread of crises changed over time? How have previous policy interventions either damaged or improved long-run market performance and stability? This volume begins to answer these questions, providing a much-needed context for understanding recent events by examining how historical housing and mortgage markets worked—and how they sometimes failed. Renowned economic historians Eugene N. White, Kenneth Snowden, and Price Fishback survey the foundational research on housing crises, comparing that of the 1930s to that of the early 2000s in order to authoritatively identify what contributed to each crisis. Later chapters explore notable historical experiences with mortgage securitization and the role that federal policy played in the surge in home ownership between 1940 and 1960. By providing a broad historical overview of housing and mortgage markets, the volume offers valuable new insights to inform future policy debates.

Author: Mark Gottdiener
Publisher: SAGE
ISBN: 1473933978
Category : Social Science
Languages : en
Pages : 177

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"Key Concepts in Urban Studies is written in an accessible, concise way and introduces students to the key topics in urban studies. Drawing examples from different parts of the world, this authoritative resource exposes students to the diverse forms that cities take, and the social, spatial and temporal dimensions of urban living. It is an essential resource for students across disciplines interested in the city." - Lily Kong, Singapore Management University "An insightful multidisciplinary introduction to the multifarious places, processes and problems that constitute modern cities. Its short, digestible entries unpack the complexity and evolution of urban conditions, offering cross-references between concepts and links to key literature and to useful current and historical examples. The book’s clear, often sharp critical edge also encourages deeper enquiry." - Quentin Stevens, School of Architecture and Design, RMIT University Key Concepts in Urban Studies is an essential companion for students of urban studies, urban sociology, urban politics, urban planning and urban development. This revised edition has been updated and expanded to provide a keen global focus, particularly in emerging economies with discussions on the creation of "dream cities" in the Gulf States and a renewed emphasis on building mega-scaled "downtowns" in India and China. New features include: Contemporary and international examples throughout. Detailed entries on environmental concerns and the sustainability of urban development. Discussion of the role of consumption in city culture and urban development. New entries on modern urban planning and adaptive urbanism. Key Concepts in Urban Studies is a must-have text with an explicit focus on contemporary urbanism which students will find invaluable during their studies. Mark Gottdiener is Professor Emeritus of Sociology at The University at Buffalo (SUNY). Leslie Budd is Reader in Social Science at the Open University. Panu Lehtovuori is Professor of Planning Theory at Tampere University of Technology.

Author: Graham Cairns
Publisher: Routledge
ISBN: 131740372X
Category : Architecture
Languages : en
Pages : 339

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Book Description
The relationship between politics and the public relations industry is controversial and, at times, polemic. However, one component of this relationship that has yet to be investigated is the role of architecture. Arguing for a fundamental reconfiguration of our understanding of ‘political architecture’, this book suggests it is not only a question of constructed buildings, but equally a case of mediated imagery. Considered through examples of architecture as a backdrop for photo shoots by politicians in the democracies of the United States and the United Kingdom, this book suggests these images give us both a better understanding of recent developments in the Western political economy and the architectural and urban developments of the late 20th and early 21st Centuries. Using case studies of Margaret Thatcher, Tony Blair, David Cameron, Barack Obama, George W. Bush and Donald Trump, this book represents a ground-breaking triangular analysis that will be essential reading for scholars in architecture, politics, media and communication studies.

Author: Thomas Sowell
Publisher: ReadHowYouWant.com
ISBN: 145960931X
Category : Business & Economics
Languages : en
Pages : 370

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Book Description
Scary headlines and scarier statistics tell the story of a financial crisis on a scale not seen in decades - certainly not within the lifetime of most Americans. Moreover, this is a worldwide financial crisis. Financial institutions on both sides of the Atlantic have either collapsed or have been saved from collapse by government bailouts, as a result of buying securities based on American housing values that eroded or evaporated.Now completely revised in paperback, The Housing Boom and Bust is designed to unravel the tangled threads of that story. It also attempts to determine whether what is being done to deal with the problem is more likely to make things better or worse.