This innovative book analyses the role played by real estate markets in global financial stability and examines the fragile link between the two. Through what transmission channels do housing market cycles influence broader economic systems? How has the Global Financial Crisis shifted our view and understanding of these linkages? This detailed book answers these questions in an international comparative perspective. Specific topics covered include macroeconomic transmission channels of the housing cycle, the role of housing in the finance system, construction financing as a cycle amplifier, and various related public policy issues such as the policy remedies needed to deal with housing and mortgage-driven crises. Eminent scholars in the field provide insightful and original contributions, which will appeal to academics in the areas of macroeconomics, policy analysis and financial regulation. Practitioners involved in real estate and the mortgage market will also find it to be of interest.
September 15, 2008 was one of the most important days in American financial market history. Lehman Brothers, one of the oldest and most respected investment banks on Wall Street, filed for bankruptcy, sending a shock through the financial system to a degree not seen since the Great Depression. Massive layoffs from businesses and defaults by households ensued. Several years and trillions of dollars of money supplied by the Federal Reserve later, most Americans still feel as if the economic recovery has never commenced. So today, five years after the collapse of Lehman Brothers, what is the state of the U.S. economy? Stock markets have risen to all-time highs, yet employment is still well below pre-crisis levels, and most Americans still feel as if the economy is still in recession. So why have stock markets and general economic consensus decoupled? Jonathan H. Todd combs through economic data and financial research to try to parse out exactly why the disconnect between the job and investment markets exists, and where the economy should head from here. Things may seem dire to most Americans today, with a huge pool the unemployed, a massive debt accumulated by the U.S. government, and as uncertain a global economic outlook as ever. The Financial Crisis resulted in a devastating and lasting impact from coast to coast, spawning mass mortgage defaults, and draining the savings assets and 401k accounts of many ordinary Americans. Taking a 40,000 foot view of the economy, the case for optimism and the case for pessimism are laid out, in an attempt to understand how the American economy is likely to perform after five years of poor growth. While there are still many reasons to be worried about the future of our country, there are many reasons to be optimistic as well. The equity markets have recovered, but the real economy - where Americans work, spend, and live - may feel that same strong growth in the near future.
By popular request How to Survive Your New Home Purchase has been expanded to include even more information specific to the successful use of an FHA 203K mortgage. Are you preparing to purchase a new home for your family utilizing an FHA 203K mortgage? Then here is the resource you need!You've saved a nice sized down payment. You've picked out a neighborhood with pleasant tree-lined streets and good schools. You've checked out all sorts of amenities. But now, the current real estate environment seems scary. News sources are full of home purchase horror stories. Foreclosures and short sales can turn a dream house into a nightmare. You're not the world's greatest DIYer, nor are you a financial wizard. Now you're real estate agent and mortgage broker have recommended you apply for an FHA 203K mortgage. How to Survive a 203K Mortgage outlines step-by-step how to walk through the potential mine fields of home ownership using this financial tool and come out on the other side as a real estate winner!
Crisis Communications: A Casebook Approach presents case studies of organizational, corporate, and individual crises, and analyzes the communication responses to these situations. Demonstrating how professionals prepare for and respond to crises, as well as how they develop communications plans, this essential text explores crucial issues concerning communication with the news media, employees, and consumers in times of crisis. Author Kathleen Fearn-Banks addresses how to choose the best possible words to convey a message, the best method for delivering the message, and the precise and most appropriate audience, in addition to illustrating how to avoid potential mismanagement. The fifth edition of Crisis Communications includes updated cases that provide wider coverage of international crises and media technologies. It includes a new section on social media in crisis communication scenarios and includes additional comments from social media experts throughout various chapters. New case studies include "Police Departments and Community Trust," "The Oso Mudslide in Washington," "School Shootings: Communications To and For Children," and two additional international case studies - "Ebola Strikes Liberia: Firestone Strikes Ebola" and "Nut Rage and Korean Airlines." Previous case studies no longer in this edition can be found on the book's companion website, which also includes the Instructor's Manual with exercises in crisis responses, guidelines for crisis manual preparation, and other teaching tools: www.routledge.com/cw/fearn-banks. Looking at both classic and modern cases in real-world situations, Crisis Communications provides students with real-world perspectives and insights for professional responses to crises. It is intended for use in crisis communications, crisis management, and PR case studies courses. Also available for use with this text is the Student Workbook to Accompany Crisis Communications, providing additional discussion questions, activities, key terms, case exercises, and further content for each chapter.