This up-to-date, highly-accessible book presents a unique combination of both economic theory and real estate applications, providing readers 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.
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In today's world, real estate professionals, financial institutions, local planners, and government officials increasingly realize that a broad understanding of the economic forces affecting cities and urban development is crucial to making wise decisions. Our goal for this book is to contribute to that understanding and provide students with the tools and perspective required to operate effectively, in either the private or public sectors, to promote a better built environment. Our intent is to provide students with both a theoretical perspective as well as the tools and basic facts they need to analyze urban markets.
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