Assignment: Real Estate Economics and Market Analysis
1. Define Market Analysis and Marketability Analysis; provide an example of each.
2. Define Leading, Lagging, and Coincident economic indicators; provide two examples of each indicator and explain what these indicators tell us regarding current and future economic conditions; why are they important.
3. Based on the discussions we have held at the beginning of class over the past several weeks, and based on our review of key economic indicators, what is your outlook for the US economy over the next year, in terms of:
a. GDP Growth
b. Job Growth
c. Unemployment Rate U-3, U-6
d. Interest rates
e. Consumer Spending
f. Business Investment
g. Trade
h. Inflation
i. Energy Prices
j. Wage Growth
Conclude you response by outlining the key challenges and opportunities facing the United States economy over the next several years. I would highly suggest reviewing the Kiplinger Letter to assist with your response to this question.
4. Given that the United States has transformed itself to a service based economy, why do we pay so much attention to the performance of the manufacturing sector in this country?
5. We are in the 8th year of the economic recovery and wage growth has been absolutely lackluster; explain factors that have impeded wage growth in the United States. We discussed this in class last evening.
6. Why has the demand for rental housing surged in the United State since end of the Great Recession.