The core of this text is based on sound economic and finance principles to promote a greater understanding of how real estate financial markets work. The authors blend theory with practice applying the theoretical aspects of financial economics to explain how real estate financial institutions and markets have developed and evolved to their present state, and why they take the forms they do. Dramatic changes in the real estate financial markets and the impact of major federal legislation that applies to real estate finance (especially residential) are addressed. Direct application using ARGUS software makes this book extremely hands on giving students practical, real-world experience in real estate analysis.
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The publisher, Thomson Learning This text applies economic and financial theory to explain the development of real estate financial institutions and markets. In addition to applying this theoretical foundation, the text develops an understanding of the major institutions and the roles they play in the real estate finance market, the major federal legislation that impacts real estate finance, and how law shapes and affects the form of the real estate finance market.About the Author:
Terrence M. Clauretie received his Ph.D. in Economics from Washington State University. He is currently a professor of Real Estate Finance at UNLV. To date, he has authored three texts and 75 articles in academic and professional journals. He is a fellow of the Homer Hoyt Advanced Studies Institute, and also a former adjunct professor of the National Association of Corporate Real Estate Executives.
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