"Recovering from the Housing and Financial Crisis" -- (article from Fed Reserve's John Duca)

By
Services for Real Estate Pros with RealData, Inc.

Federal Reserve V.P. and senior policy advisor John Duca has just published an an exceptionally lucid article that discusses the four key “shocks” suffered by the U.S. economy during the financial crisis: As he states quite succinctly, “Home construction plunged, wealth fell, credit standards tightened and financial markets seized up.”

He discusses the relationship between home construction and GDP, housing’s wealth effect, and the availability of credit; and concludes with a balanced assessment of what may lie ahead for both the U.S. and global economies. He cites indicators that point to recovery, but tempers those with a discussion of the downside risks that remain.

There are enough stats and charts here to satisfy number crunchers like me, but the prose is clear and readable enough to stand on its own.

I think this is material that anyone in real estate, construction or mortgage finance should read, so we have posted it on our “Learn” page at www.realdata.com

While you're on our Learn page, check out the other articles and videos we have there -- all dedicated to real estate investor and developer education (and all free). We feel very strongly about the need to promote investor education and financial literacy in general, so we hope you find this content valuable.

And whether you're a novice or a seasoned investor, I urge you also to examine the analysis and presentation software as well as the real estate calculator we offer. Demos are available for most.

 

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Rainer
370,054
Tish Lloyd
BlueCoast Realty Corporation - Wilmington, NC
Broker - Wilmington NC and Surrounding Beaches

Frank:  Very timely, thank you.

Jul 25, 2010 10:55 AM #1
Rainmaker
111,510
Richard Acree
HABITEC Home and Building Inspections, LLC - Franklin, TN
Home Inspections - Nashville TN

Frank,

Great information and well said summary of what went wrong in the Great Depression of 2007- 2009.  Hopefully its over.  The commercial real estate market in Nashville seems to have survived the GD reasonably well, then the flood of 2010 hit.  A lot of commercial buildings were damaged in that flood. 

Thank you,

Richard Acree

HABITEC Home and Building Inspections, LLC

http://habitecinspections.com

Jul 28, 2010 11:29 PM #2
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Rainmaker
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Frank Gallinelli

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