Urban Economics and Real
Estate Markets
Denise DiPasquale, Harvard
University
William C. Wheaton, Massachusetts Institute of Technology
Description
Appropriate for advanced
undergraduate courses in Real Estate or Urban Economics and graduate-level business
courses in Public Policy and Urban Planning. Also useful as a professional reference.
This up-to-date,
highly-accessible text presents a unique combination of both economic theory and real
estate applications, providing students 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.
Table of Contents
I. INTRODUCTION TO REAL
ESTATE MARKETS.
1. The Property and Capital
Markets.
2. The Operation of Property Markets: A Micro and Macro Approach.
II. MICROECONOMIC ANALYSIS OF
PROPERTY MARKETS.
Residential Real Estate. 3.
The Urban Land Market: Rents and Prices.
4. The Urban Housing Market: Structural Attributes and Density.
Non-Residential Property
Markets. 5. Firm Site Selection, Employment Decentralization and Multi-Centered Cities.
6. Retail Location and Market Competition.
III. MACROECONOMIC ANALYSIS
OF PROPERTY MARKETS.
7. Economic Growth and
Metropolitan Real Estate Markets.
Residential Real Estate. 8.
The Market for Housing Units: Households, Prices, and Financing.
9. The Market for Housing Services: Moving, Sales and Vacancy.
10. The Cyclical Behavior of Metropolitan Housing Markets.
Nonresidential Property
Markets. 11. The Operation of Non-Residential Property Markets.
12. Econometric Analysis of Metropolitan Office and Industrial Markets.
IV. THE IMPACT OF LOCAL
GOVERNMENTS ON REAL ESTATE MARKETS.
13. Local Governments,
Property Taxes and Real Estate Markets.
14. Public Goods, Externalities and Development Regulation.
Index.
378 pages