Appropriate for advanced undergraduate courses in Real Estate or Urban Economics and graduate-level business courses in Public Policy and Urban Planning. Also useful as a professional reference.
This up-to-date, highly-accessible text presents a unique combination of both economic theory and real estate applications, providing students with the tools and techniques needed to understand the operation of urban real estate markets. It examines residential and non-residential real estate markets—from the perspectives of both macro- and micro- economics—as well as the role of government in real estate markets.
constructs many examples using data depicted in charts and tables.
provides a detailed theoretical framework that promotes a broad, consistent approach to the operation of real estate markets.
makes theory accessible to students with limited economic backgrounds, but provides the many details—largely in footnotes—that more advanced students need.
designs examples to be accessible to students of various levels, using refinements and elaborations of problems in helpful footnotes.
I. INTRODUCTION TO REAL ESTATE MARKETS.
II. MICROECONOMIC ANALYSIS OF PROPERTY MARKETS.
III. MACROECONOMIC ANALYSIS OF PROPERTY MARKETS.
IV. THE IMPACT OF LOCAL GOVERNMENTS ON REAL ESTATE MARKETS.