Essentials of Real Estate Economics / Edition 6

by Dennis J. McKenzie

Overview

Through a direct and practical approach, this text presents the current economic factors that affect the real estate market and cause real estate values to change. Case & Point features throughout provide thought-provoking application of concepts and help generate discussion. No formal background in economics is required for both salesperson and broker candidates to gain a solid understanding of economic and finance principles that are fundamental to achieving success in the real estate field.

Product Details

ISBN-13:	9780538739696
Publisher:	Cengage Learning
Publication date:	10/08/2010
Edition description:	New Edition
Pages:	512
Product dimensions:	8.40(w) x 10.70(h) x 1.30(d)

About the Author

Dennis J. McKenzie, MBA, MA Economics, was 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 was a REALTOR?, a GRI, and a faculty member of the REALTORS? Institute. He also served as an educational consultant for the California Department of Real Estate and was 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 Real Estate Appraiser and consultant in Berkley, California where he earned both his Bachelors and Masters degree at the University of 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) and is a member of the Appraisal Institute and the American Society of Appraisers.

Carol A. Jensen, MBA, REALTOR?, is a real estate broker and instructor of real estate at City College of San Francisco and Cabrillo College. She teaches online, hybrid, and traditional classroom real estate courses as well as courses on small business management. Her experience includes developing academic, vocational, and continuing education course curriculum. Ms. Jensen serves as the current director of the California Community College Real Estate Educators Center, which is dedicated to advancing the quality of real estate instruction in California's community colleges. She also participates as a committee person in Academic Senate shared governance and is a member of the California Council for Adult Education. In addition, she has written several books and journal articles, and has contributed to online publications.

Table of Contents

PART I: Basic Economic Background for Real Estate Analysis. 1. Introduction to Real Estate Economics. 2. Review of the Economic Principles of Capitalism. 3. Government's Role in the Economy. 4. Money, Credit, and Real Estate. 5. Important Economic Features of Real Estate. PART II: Understanding Real Estate Markets. 6. Regional and Community Analysis. 7. Community Growth Patterns. 8. Neighborhoods: Clusters of Land Use and Value. 9. Housing Markets. 10. Commercial and Industrial Markets. 11. Rural and Recreational Real Estate Markets. PART III: Major Influences on Real Estate Development. 12. The Economics of Real Property Taxation. 13. Land-Use Controls. 14. Real Estate Development. 15. Required Government Reports. PART IV: Real Estate Investment: The Economics of the Parcel. 16. Summary of Real Estate Investment Principles. 17. Income Tax Aspects of Investment Real Estate. 18. Applied Real Estate Economics. 19. Anticipating Change. Answers to Reviewing Your Understanding Questions. Index.