Essentials of Real Estate Economics / Edition 4

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Real Estate is an essential part of our economic vitality. While the concepts are fundamental to understanding the real estate field, this subject can be challenging and complex. This is precisely why Essentials of Real Estate Economics delivers a straightforward and practical approach to clearly understand the various factors that affect this market and cause real estate value to change.
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Product Details

  • ISBN-13: 9780324140835
  • Publisher: Thomson South-Western
  • Publication date: 12/1/1995
  • Edition description: Older Edition
  • Edition number: 4
  • Pages: 470
  • Product dimensions: 8.44 (w) x 11.12 (h) x 1.09 (d)

Meet the Author

Dennis J. McKenzie, MBA, MA Economics, is a real estate editor for Thomson South-Western's California Real Estate Series and an instructor in Real Estate and Economics, College of the Redwoods. He was formerly senior faculty in real estate, University of Southern California, College of Continuing Education. McKenzie is currently a REALTORĀ®, a GRI, and a faculty member of the REALTORSĀ® Institute. McKenzie has served as an educational consultant for the California Department of Real Estate and is a past recipient of the Teacher of the Year award granted by the California Real Estate Educators Association.

Richard M. Betts is a California Certified General Real Estate Appraiser and consultant in Berkley, California. Betts has extensive experience as a fee appraiser,
including expert-witness appraisal before various superior courts and assessment appeal boards. Betts holds the professional designations MAI, SRA, and ASA (Real Estate). Richard currently resides in Oakland, CA.

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Table of Contents

Pt. 1 Basic Economic Background for Real Estate Analysis
Ch. 1 Introduction to Real Estate Economics 2
Ch. 2 Review of the Economic Principles of Capitalism 7
Ch. 3 Government's Role in the Economy 38
Ch. 4 Money, Credit, and Real Estate 67
Ch. 5 Important Economic Features of Real Estate 94
Pt. 2 Understanding Real Estate Markets
Ch. 6 Regional and Community Analysis 120
Ch. 7 Community Growth Patterns 143
Ch. 8 Neighborhoods: Clusters of Land Use and Value 180
Ch. 9 Housing Markets 202
Ch. 10 Commercial and Industrial Markets 228
Ch. 11 Rural and Recreational Real Estate Markets 255
Pt. 3 Major Influences on Real Estate Development
Ch. 12 The Economics of Real Property Taxation 286
Ch. 13 Land-Use Controls 312
Ch. 14 Real Estate Development 339
Ch. 15 Required Government Reports 360
Pt. 4 Real Estate Investment: The Economics of the Parcel
Ch. 16 Summary of Real Estate Investment Principles 378
Ch. 17 Income Tax Aspects of Investment Real Estate 406
Ch. 18 Applied Real Estate Economics 428
Ch. 19 Anticipating Change 446
Answers to Reviewing Your Understanding Questions 463
Index 467
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