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RESIDENTIAL ECONOMIC REPORT ( NATIONAL EDITION). SEPTEMBER 2009. REAL ESTATE ECONOMICS WEBINAR SCHEDULE. Bay Area, CA | July 22nd 9am PST Seattle, WA | July 29th 9am PST Asset Valuation Tools | August 5th 9am PST Orlando, FL | August 12th 9am PST Portland, OR | August 19th 9am PST
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RESIDENTIAL ECONOMIC REPORT (NATIONAL EDITION) SEPTEMBER 2009
REAL ESTATE ECONOMICS WEBINAR SCHEDULE • Bay Area, CA | July 22nd 9am PST • Seattle, WA | July 29th 9am PST • Asset Valuation Tools | August 5th 9am PST • Orlando, FL | August 12th 9am PST • Portland, OR | August 19th 9am PST • California (Sponsored by Shopoff Group) | August 26th 9am PST • Santa Clarita Valley (Sponsored by Newhall Land) | September 2nd 9am PST • Residential Economic Report - National Edition | September 9th 9am PST • Phoenix, AZ | September 16th 9am PST • Austin, TX | September 23rd 9am PST • Denver, CO | September 30th 9am PST • Las Vegas/Reno, NV | October 7th 9am PST • Residential Economic Report - National Edition | October 14th 9am PST • Asset Valuation Tools – Part 2 | September 16th 9am PST • DIAL-IN (712) 432-1001 • ACCESS CODE: 496902894#
RESIDENTIAL ECONOMIC REPORT (NATIONAL EDITION) GAZARIAN REAL ESTATE CENTER www.www.craig.csufresno.edu/gazarian/ The Gazarian Real Estate Center supports the Craig School’s Real Estate and Urban Land Economics option for students as well as the expansion of research by faculty and graduate students. Furthermore, the Gazarian Center provides a conduit between students, faculty, public leaders, and the real estate community in Central California to facilitate curriculum development, student outreach, industry research, and the study and education of professional ethics.
SUMMARY AND CONCLUSIONS • The nation’s economy is in turmoil, with unprecedented job losses, but a ‘floor’ has formed. • Housing Construction is at an all-time low and will continue at even lower levels next year. • Housing Affordability is an all-time high. • Distressed Housing Inventory is beginning to burn off at a rapid rate in many markets (mainly coastal markets). • Significant levels (but not a flood) of distressed land inventory will soon be released by banks. • Banks will increasingly work with Asset Management Teams to liquidate bad assets. • Economic growth resumes the latter part of Year 2010. • Marginal price appreciation begins in Year 2010, and may build toward another cycle of double-digit appreciation after Year 2015.
RESIDENTIAL ECONOMIC REPORT EXAMPLE METRO AREA REPORT: FRESNO, CA MSA (FRESNO COUNTY)
REAL ESTATE ECONOMICS RESIDENTIAL ECONOMIC REPORT NATIONAL EDITION (Free) METRO AREA EDITIONS ($1295 For Four Quarterly Issues) SIGN UP AT WWW.REALESTATEECONOMICS.COM) Subscriptions available by calling (949) 502-5151 x108 or x114 judy.dool@realestateeconomics.com sandy.rivera@realestateeconomics.com
RESIDENTIAL ECONOMIC REPORTS FOR MAJOR METRO AREAS (UPDATED QUARTERLY) Note: other regions available by calling (949) 502-5151 x108 or x114 judy.dool@realestateeconomics.com sandy.rivera@realestateeconomics.com
RESIDENTIAL ECONOMIC REPORTS FOR MAJOR METRO AREAS (UPDATED UPON REQUEST) Note: other regions available by calling (949) 502-5151 x108 or x114 judy.dool@realestateeconomics.com sandy.rivera@realestateeconomics.com
Mark Robbins Boud mark.boud@realestateeconomics.com REAL ESTATE ECONOMICS 8961 Research Drive Ste 200 Irvine, CA 92618 P: (949) 502-5151 F: (949) 502-5155