Based on sound economic and finance principles, the primary goal of this market-leading text is 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. The impact of major federal legislation that applies to real estate finance (especially residential) is also addressed.

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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.

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