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(R) software makes this book extremely hands on giving
students practical, real-world experience in real estate analysis.
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