Declining Real Estate Values
Falling Real Estate Values
Tammey L. Amodea – Winter 2012
Hodges University
MNA4100OL_Amodea T _ Trimester Project
Mike Smith
Due: February 27, 2012
Submitted: March 6, 2012
Abstract
The rise and fall of real estate property values are impacted by many facets and can lead to a positive or negative impact upon the economy. Furthermore these impacts can be minimal or dramatic. Through research and critical thinking the following report is designed to educate the reader on how the industry operates and the cyclical nature of the industry. Upon completion the reader will have gained moderate insight as to entities and factors which create real estate property values as well as the entities which can negatively or positively impact the value of real property.
Introduction The objective of this report is for the reader to gain a better understanding of how the real estate market and its processes are accomplished so that the average homeowner can achieve homeownership. Primarily the report is prepared so that the reader can also comprehend how property values are determined, and how property values impact the economy. The culmination of all research for this report will aid the reader in recognizing why real estate values have declined during the recent recession. As a Licensed Realtor, the writer of this paper will explain the influences which determine property values, what drives real estate value, why real estate values are driven up or down and who determines true real estate values. The writer will further explain how home values impact local city, county and state budgets. During the recent recession there were admittedly other mitigating circumstances, which assisted in the swift decline of home values ultimately thrusting the topic of the declining real estate values into the forefront of economics. The writer will also offer an experienced first-hand opinion on how Realtors, sellers and buyers
Tammey L. Amodea – Winter 2012
Hodges University
MNA4100OL_Amodea T _ Trimester Project
Mike Smith
Due: February 27, 2012
Submitted: March 6, 2012
Abstract
The rise and fall of real estate property values are impacted by many facets and can lead to a positive or negative impact upon the economy. Furthermore these impacts can be minimal or dramatic. Through research and critical thinking the following report is designed to educate the reader on how the industry operates and the cyclical nature of the industry. Upon completion the reader will have gained moderate insight as to entities and factors which create real estate property values as well as the entities which can negatively or positively impact the value of real property.
Introduction The objective of this report is for the reader to gain a better understanding of how the real estate market and its processes are accomplished so that the average homeowner can achieve homeownership. Primarily the report is prepared so that the reader can also comprehend how property values are determined, and how property values impact the economy. The culmination of all research for this report will aid the reader in recognizing why real estate values have declined during the recent recession. As a Licensed Realtor, the writer of this paper will explain the influences which determine property values, what drives real estate value, why real estate values are driven up or down and who determines true real estate values. The writer will further explain how home values impact local city, county and state budgets. During the recent recession there were admittedly other mitigating circumstances, which assisted in the swift decline of home values ultimately thrusting the topic of the declining real estate values into the forefront of economics. The writer will also offer an experienced first-hand opinion on how Realtors, sellers and buyers
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