Global Real Estate:Local Markets

INTRODUCTION*

Course OverviewHow the Global Economy Shapes Your MarketYour Hometown Global MarketCultural Literacy for BusinessServing the Global MarketNetworking PowerPlanning>Action>Results*

Exam and Activities30-question examOpen-bookMultiple-choiceActivitiesGroup assignmentsExercisesDiscussions*

Earning the CIPS DesignationGlobal Real Estate: Local Markets (all students)Global Real Estate: Transaction Tools (U.S. students)The Business of U.S. Real Estate (Non U.S. students)Three elective courses:Europe and International Real EstateAsia/Pacific and International Real EstateThe Americas and International Real EstateAt Home with Diversity (U.S. students)*

Earning the CIPS DesignationOne of the following courses can count as one elective option:CRS 200 Business Planning and Marketing for the Residential SpecialistCRS 204 Creating Wealth through Residential Real Estate InvestmentsCCIM - Residential Real Estate Financial AnalysisOne Real Estate Advanced Practices (REAP) module from the Council of Residential Specialists (CRS) (Non U.S. students)International real estate experience- 100 Points

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Self-Assessment: Are You Already Global?*

CHAPTER 1: HOW THE GLOBAL ECONOMY SHAPES YOUR MARKET*

In This ChapterGlobal economy, local real estate marketsGlobal flow of capital and wealthReal estate as an investmentTrends and indicators*

Global Economy, Local MarketsGlobal economic forces impact your businessReal estate is a storehouse of wealthWhich indicators and trends should you monitor?Design a personal data plan *

Viewpoints*

A Shrinking World?Spread of capitalism New wealth seeks opportunities and safety in real estate *

Most Stable and Secure*Source: Association for Foreign Investors in Real Estate

Best Capital Appreciation*Source: Association for Foreign Investors in Real Estate

Alliances*NAFTAMERCOSURAPECAPECASAENGAFTACOMESAE.U.

ConnectivityInternet*Source: Internet World Stats

ConnectivityFacebook*Source: Internet World Stats

Round-the-Clock Financial Markets*FTSE 100 LondonHang Seng Hong KongDAX FrankfurtCACParisNikkei TokyoDow, S&P500, NASDAQNew York

Interdependence and SpecializationAdvantage: economic efficiencies and benefitsDisadvantage: dependence on other countriesWorkers remittances = 3x official government foreign aid*

Ease of TravelAffordable airfares Convenient flights to hub cities and resortsImmigrants maintain homeland tiesU.S. expatriate retirees*

Twenty-first Century WorkforceGlobal businesses and their workers enter new marketsRemote workers choose to live and work apart from company officesEntrepreneurs start businesses from anywhere in the world*

CapitalWhat Flows?CurrencyAssetsCapital goodsDebtCreditInformationTechnologyInnovation *

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Capital Flow TheoriesBargain Rate TheoryLoss Avoidance TheoryMarket Linkage Theory*

Staying in the KnowSelect, monitor, compare key indicatorsThe Economist, Financial Times, Wall Street JournalGovernment Web sitesNAR Economists Outlook *

IndicatorsGDPEmploymentConsumer Price Index Labor Productivity Retail Sales Exchange Rates Interest Rates Flow of FundsMortgage Rates Imports, Exports, and Trade BalanceDirect Investment AbroadForeign Direct Investment*

*Key Point Review

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