Real estate economics ppt

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Chapter 1 INTRODUCTION TO REAL ESTATE ECONOMICS

Transcript of Real estate economics ppt

Page 1: Real estate economics ppt

Chapter 1INTRODUCTION TO REAL ESTATE

ECONOMICS

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What is Economics?The study of allocating SCARCE resources.

Using those scarce resources to produce, distribute and consume goods and services.

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Two categories of Economics:Macroeconomics: study of the

national economy and its segments including national income, output, employment, and growth.

Microeconomics: study of individual firms and households.

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What is Real Estate?

Land and attachmentsAppurtenances That which is immovable by law

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Real EstateEconomics

General EconomicsPrinciples

and Theory

Real EstatePrinciples

and Practice

What is Real Estate Economics?A study of people & how their actions affect property values.

• Study that uses economic principles• Micro and macro analysis• Analyzes trends • Considers supply and demand • Links general economic theory and real estate practice

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Real Estate Economics is NOT:The study of general economics.The study of real estate practice.

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Why study Real Estate Economics?Understand value fluctuationsEstimate real estate valuesSolve problemsUnderstand fluctuations & changes to local

Real Estate markets.

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The four parts:1. Basic Economic Background for Real Estate

Analysis.2. Understanding Real Estate Markets.3. Major Influences on Real Estate

Development.4. Analyzing Real Estate Investment.

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The Stairway of Real Estate Economics

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Basic Economic Principles

The Stairway of Real Estate Economics

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Basic Economic Principles

Government’s Role in the Economy

The Stairway of Real Estate Economics

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Basic Economic Principles

Government’s Role in the Economy

Real Estate and the National Economy

The Stairway of Real Estate Economics

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Basic Economic Principles

Government’s Role in the Economy

Real Estate and the National Economy

Regional and Community Analysis

The Stairway of Real Estate Economics

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Basic Economic Principles

Government’s Role in the Economy

Real Estate and the National Economy

Real Estate Market Analysis

Regional and Community Analysis

The Stairway of Real Estate Economics

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Basic Economic Principles

Government’s Role in the Economy

Real Estate and the National Economy

Taxes, Land Usage, and Environmental ControlsReal Estate Market Analysis

Regional and Community Analysis

The Stairway of Real Estate Economics

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Basic Economic Principles

Government’s Role in the Economy

Real Estate and the National Economy

Investment Analysis

Taxes, Land Usage, and Environmental Controls

Real Estate Market Analysis

Regional and Community Analysis

The Stairway of Real Estate Economics

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Basic Economic Principles

Government’s Role in the Economy

Real Estate and the National Economy

Final Real Estate Decision

Investment Analysis

Taxes, Land Usage, and Environmental Controls

Real Estate Market Analysis

Regional and Community Analysis

The Stairway of Real Estate Economics

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Basic Economic Principles

Government’s Role in the Economy

Real Estate and the National Economy

Final Real Estate Decision

Investment Analysis

Taxes, Land Usage, and Environmental Controls

Real Estate Market Analysis

Regional and Community Analysis

The Stairway of Real Estate Economics