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Mark Zandi

2003 Retail Real Estate Capital and Finance Conference ... Adjunct Professor of Real Estate. Real Estate Institute. New York University, New York, NY ...

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Mark Zandi

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  1. The State of the Economy – Perspectives On a Glass Filled to the Half Way Mark IntroductionHUGH KELLYAdjunct Professor of Real Estate Real Estate Institute New York University, New York, NY SpeakerMARK ZANDIChief EconomistEconomy.comWest Chester, PA 2003 Retail Real Estate Capital and Finance Conference

  2. A Better Christmas Christmas Core Retail Sales Growth % change year ago November and December Source: Census, Economy.com

  3. Ample Household Cashflow Real Household Cashflow % Change Year Ago Source: Economy.com

  4. Tax Payments Billions $ (L) Effective Tax Rate (R) Source: BEA

  5. The Home Has Become a Cash Machine Cash Raised via Mortgage Borrowing Billions $ Source: Economy.com Housing Turnover Cash-Out Refi Home Equity

  6. Retail Price Deflation Core Retail Prices, % change year ago 3-month moving average Source: BEA

  7. Jobs, Millions Source: BLS

  8. Profits Billions $ (L) Nonfinancial Businesses Source: BEA Margin (R)

  9. Reasons for Optimism Job Growth (R) Initial Claims Ths. (L) Source: BLS

  10. Near-Term Outlook% Change Year Ago Real GDP Employment

  11. Potential Housing Market Problems Buffalo Detroit Portland Syracuse Boston Milwaukee Nassau Pittsburgh Bergen-Passaic Salt Lake/Provo Cleveland Newark San Francisco Indiannapolis Monmouth Columbus San Jose Las Vegas Jersey City St. Louis Los Angeles Louisville Orange County Baltimore Tulsa Washington DC San Diego El Paso Corpus Christi Tampa Ft. Lauderdale New Orleans Miami Potential Bubbles Ft. Myers Potentially Overbuilt Naples

  12. 2003 Retail Real Estate Capital and Finance Conference Personal Bankruptcy Rate Per Thousand Households Sources: US District Courts, Census Bureau

  13. 2003 Retail Real Estate Capital and Finance Conference

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