This is the first of several posts on the 17th Annual Real Estate Trends conference organized by VCU and held at the Richmond Convention Center on October 9, 2007. It was my second time attending, and it was much more informative than the last. There were five speakers, the first of whom I will highlight in this post. Mark Zandi is the Chief Economist and co-founder of Moody’s Economy.com, Inc. His presentation was largely on how the sub-prime real estate market is impacting the national economy. Instead of summarizing his findings, I will simply insert the charts and graphs which he provided. These three graphs don’t necessarily relate to one another. I simply thought they were the most informative.
If you accept a positive corellation between credit risk and the TED spread, I think the above graph puts today’s credit risks into historical perspective.
Hooray for Richmond….
Boo for Richmond
For those of you in the real estate business who haven’t attended a VCU Trends conference, you should. I would like to see more attention given to Richmond or even the Commonwealth, but overall its a great event. There is ample time before the speakers, and between sessions for you to meet other people too.
October 16th, 2007 at 10:49 am
Yes, the VCU Trends seminar is a must attend for anyone in our field! And Always very insightful!