Real Estate Finance: Theory and Practice

Real Estate Finance: Theory and Practice

by Terrence M. Clauretie, G. Stacy Sirmans
     
 

Building a solid foundation on which to understand the real estate financial market, this enlightening guide applies 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 form they do. Offering easy-to-follow analyses of many ofSee more details below

Overview

Building a solid foundation on which to understand the real estate financial market, this enlightening guide applies 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 form they do. Offering easy-to-follow analyses of many of the complicated models of real estate finance, it keys in on 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 laws shape the field.Deals with financial markets in general, finance theory, and the application of finance theory to real estate. Covers issues related to residential real estate finance, and considers commercial real estate finance, including discussions on the use of debt (leverage) in financing properties, the impact of tax laws on financing commercial properties, and more. Considers special topics, such as real estate in a portfolio context, and lender legal liability, ethics and fraud in real estate. Now includes 1997 tax changes, and updates tables, exhibits, data and references of empirical work throughout.

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Editorial Reviews

Booknews
Providing a foundation of economic theory and finance principles, this textbook explains how real estate finance markets work, applying theoretical perspectives to the study of real estate financial institutions and markets. The primary tools of financial analysis are applied to real estate and mortgage markets. Topics like federal regulation, ethics, fraud, and agency problems are also discussed. A companion CD-ROM contains tables, financial data, documents, and worksheets. Clauretie teaches at the University of Nevada, Las Vegas. Sirmans teaches at Florida State University. Annotation c. Book News, Inc., Portland, OR (booknews.com)

Product Details

ISBN-13:
9780324139822
Publisher:
Cengage South-Western
Publication date:
08/28/1998
Edition description:
Older Edition
Pages:
584
Product dimensions:
8.50(w) x 11.12(h) x 1.11(d)

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