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| Monte |
 Posted: Wed Aug 01, 2007 10:16 am Post subject: A big property value statistics for US and A |
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I've reached a mission to combine a chart about the main macro indicators to illustrate the real estate values in America. Those indicators might be the following:
-population
-wages
-real estate prices (which is the main reason for this research)
-interest rates (FED)
-GDP
etc
I'm asking for your help and for reward I would post my conclusion here.
The problem is that it is quite difficult to find any relevant sources for these indicators from Google.
So I would be very thankful if you would post me some links where I could get the information I require. Also could you name some more indicators which I could add to this research.
Thank you all! |
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| Im Not Warren Buffett |
| Posted: Wed Aug 01, 2007 10:29 am Post subject: Re: A big property value statistics for US and A |
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CFO
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| Monte wrote: | I've reached a mission to combine a chart about the main macro indicators to illustrate the real estate values in America. Those indicators might be the following:
-population
-wages
-real estate prices (which is the main reason for this research)
-interest rates (FED)
-GDP
I'm asking for your help and for reward I would post my conclusion here.
The problem is that it is quite difficult to find any relevant sources for these indicators from Google. |
I did a bit of economics work a couple years back so most of this stuff is very familiar to me. I'm not sure how hard you looked though, because I was able to find enough information to write my thesis in about a week and a half going in pretty cold.
If you just want to make a map of America with home prices, that is easy and I can send you a PDF with home prices broken down by area. I'm not sure what you want to do with the rest of those things, but I know where to find those too.
Let me know what you're trying to do, and I'll see if I can assist from there. |
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| vetelmo |
| Posted: Wed Aug 01, 2007 10:31 am Post subject: |
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Moderator
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| Monte |
| Posted: Wed Aug 01, 2007 11:12 am Post subject: |
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Investing Associate
Joined: 21 Jan 2006
Posts: 30
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Location: Estonia
10182.45 e$
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My objective is to put all the data in one chart, so it is visible, from bubbles to blast, to see what are the forces which make real estate prices go ever so high.
As this property value boom hit my homeland I first planned to make a similar chart about Estonia, but then I understood that our modest, fresh economy is only the outcome and history of what has happened in the wide world. It would be handy to see how eventually will this overpriced surge end and to compare with how it will affect stock market.
So all the information you provide will be useful and my appreciation belongs to you. |
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| Im Not Warren Buffett |
| Posted: Wed Aug 01, 2007 3:09 pm Post subject: |
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CFO
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| Monte |
| Posted: Thu Aug 02, 2007 3:58 am Post subject: |
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Investing Associate
Joined: 21 Jan 2006
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10182.45 e$
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This is a very specific information you provided, so thank you. But it's not quite what I'm looking for. I'm seeking for more general information, for example the numbers for federal rates in the past 50 to 100 years or the average real estate values in America in the years of 1950 to 2007. I'm having a hard time finding them.
My goal is to take all the numbers together and create a chart where all the indicators would be located. I'd also like to add an inflation there. So it would be clear, which indicator moved first and caused the property value to respond.
I'm working in an investment bank and I'd like to show customers what has happened in America during the bubble-time. As this mission requires information that is harder to find than I imagined, then I decided to seek for a little help from this forum. |
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| Im Not Warren Buffett |
| Posted: Thu Aug 02, 2007 12:05 pm Post subject: |
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CFO
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| Monte wrote: | | I'm working in an investment bank and I'd like to show customers what has happened in America during the bubble-time. As this mission requires information that is harder to find than I imagined, then I decided to seek for a little help from this forum. |
Show? All you really need to say is "the Federal Reserve set interest rates low enough that interest payments on mortgages almost became an afterthought for people, and lenders began to care only about loan quantity rather than quality because they tranche most mortgages and sell them off instantly. This created a huge demand for homes by people who couldn't really afford them, homebuilders started to do all sorts of construction, and now with the real cost of mortgages being realized due to higher interest rates, that demand has disappeared and you now have oversupply." |
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| Monte |
| Posted: Thu Aug 02, 2007 8:45 pm Post subject: |
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Investing Associate
Joined: 21 Jan 2006
Posts: 30
This Month: 0
Location: Estonia
10182.45 e$
Net worth: 10,182.45
Portfolio Value: 0.00
Monthly Return: 0.00%
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Churn Rate: 0.00%Items
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| Im Not Warren Buffett wrote: | | Monte wrote: | | I'm working in an investment bank and I'd like to show customers what has happened in America during the bubble-time. As this mission requires information that is harder to find than I imagined, then I decided to seek for a little help from this forum. |
Show? All you really need to say is "the Federal Reserve set interest rates low enough that interest payments on mortgages almost became an afterthought for people, and lenders began to care only about loan quantity rather than quality because they tranche most mortgages and sell them off instantly. This created a huge demand for homes by people who couldn't really afford them, homebuilders started to do all sorts of construction, and now with the real cost of mortgages being realized due to higher interest rates, that demand has disappeared and you now have oversupply." |
That's exactly what is happening in Estonia right now (Euribor growing steadily http://www.kauppalehti.fi/4/i/raha/korot/korko.jsp?intid=KOR_EUR12M&days=max). But how many customers would understand your story? Not many. Also not many believers who would understand that the prices are highly overpriced.
Though this bubble was created by low interest rates, it would be interesting to see in which order the indicators have moved.
(I've got the population and inflation rates. The biggest problem is to find average real estate prices in USA in the years of 1900-2007). |
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