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NJ 6.0 hours Understanding Cities and the Demand for Real Estate (Elective) - Course Syllabus

 Understanding Cities and the Demand for Real Estate (Elective)  Course Video Image

Course Syllabus:

6.0 Elective Hours.

In "Understanding Cities and the Demand for Real Estate" you will learn the concepts related to how and why an urban area was formed and what factors influence its growth or decline. Using information from the U.S. Census Bureau you will gain the ability to make more informed projections about the future demand for real estate in your city and state.

Using the Department of Labor statistics you will learn the importance of the number of jobs created in base industries and how changes in employment influence the demand for real estate throughout the U.S.

By analyzing the four major types of real estate, residential, industrial, office and retail you will gain a deeper understanding of the development pattern of your city and the effect on demand for real estate in your marketplace.

You will discover in this course, that trends in population and employment have an effect on the supply and demand for all real types of real estate. With a better understanding of how cities and communities grow and decline, you will be better able to assist your clients, and yourself, in making decisions about investing in a home or a piece of investment real estate.

Course Objective

Learning the purpose behind the U.S. Census Bureau

Gaining a general overview of the U.S. population

Understanding the concept of urban areas.

Discover the concepts of Central Cities, MSA's and CMSA's.

Discover what makes a city.

Realize that there are four centralizing forces in the formation of a city.

Learn about the two decentralizing forces affecting the formation of a city.

Understand why cities are different sizes and shapes.

Learn why employment growth influences the size of cities.

Discover more factors that influence the size of cities.

Learn the factors that influence the shape of a city.

Understand the sector and multiple nuclei growth patterns.

Discover the theories on axial growth and growth vector.

Discover the pattern of job creation and population growth.

Applying Economic Base Analysis (EBA) as a Forecasting Tool

Learn about the U.S. industry classification systems (SIC and NAICS).

Understand the economic base theory.

Recognize the base industries and the export sector.

Recognize the non-base industries and the service sector.

Define and calculate the Location Quotient (LQ).

Looking at the industries in the U.S.

Applying the LQ.

Applying the Location Quotient (LQ) within one state.

Applying the Location Quotient (LQ) process to one sub-sector within an MSA.

Working with the Shift-Share Analysis.

Discover the total employment change in an industry by adding it up.

Working with the Shift-Share Analysis in one state.

Calculating the Shift-Share Analysis.

Economic Diversification

Discover the causes of growth, stability or decline in cities.

Determine household formation.

Understand how migration affects a community.

Learn about international immigration.

Understanding the gap formula for housing units.

Be aware of what drives the buy/rent decision

Learn about multi-family rental housing.

Age of the population

Number of people in the household

Breakdown between renters and owners

Residential Market and Competitive Analysis

Example of determining demand for rental housing

Learn Current Approaches Used is Gathering Lifestyle Information

Learn about one company's approach to customers through "Tapestry Segmentation"

Scheduled Outage: July 22, 2017 7:00 - 7:15 EST