1. © OnCourse Learning Chapter 26 : Real Estate and the Economy

2.  Ability of area to produce a commodity or service that will bring in money from outside.  Industries that produce goods & services.  Base  Export  Primary Economic Base © OnCourse Learning

3. SHORT-RUN SUPPLY-DEMAND © OnCourse Learning

4. SHORT-RUN DROP IN DEMAND

5. © OnCourse Learning LIFETIME INCOME CURVE

6.  Effect on Property Value  Vulnerability  Employment Multiplier  Housing demand – short & long run  increases & decreases in supply & demand  effect on inflation ECONOMIC FACTORS © OnCourse Learning

7. AGE DISTRIBUTION OF U.S. POPULATION © OnCourse Learning

8. AGE DISTRIBUTION FOR 2000–2006

9.  TAX LAWS  1997 TAXPAYER RELIEF ACT  1986 TAX BILL  FISCAL POLICY  MONETARY POLICY  SECONDARY MORTGAGE MARKET © OnCourse Learning GOVERNMENTAL IMPACT

10.  Cost-Push  Demand-Pull  Monetary  Real-Cost  Tax Benefits  Watch the Feds INFLATION © OnCourse Learning

11. What’s the future outlook? © OnCourse Learning

12. Key Terms Base industry Cost-push inflation Demand-pull inflation Economic base Federal Reserve Board Monetize the debt Real Real-cost inflation Service Industry © OnCourse Learning