Real Estate Principles for the New Economy, 1st Edition

Product Details

More than ever, today's economy is in constant evolution -- continually creating new challenges and new opportunities. Real Estate Principles for the New Economy reflects on this new perspective in both the real estate industry and academic world along with the value of new economic possibilities brought about by the ever-changing information technology revolution. 608pp.

Miller/Geltner apply the implications of technology on both the specializations within the real estate industry and various property types. While the text covers fundamentals necessary to understand today?s economy, the supplemental CD provides professional-grade spreadsheets and tools that allow you to practice these fundamentals. Together, this learning package integrates the developments in the field of financial economics that have become basic to the understanding of, and professional practice within, the real estate field.

This book provides new global perspectives that enable you to become sensitive to cultural differences that may influence business decisions, risk management and negotiation strategies -- preparing you for doing business in ?the new economy.?

Table of Contents:

• I. INTRODUCTION TO REAL ESTATE MARKETS.
• 1. Real Estate and Career Planning.
• 2. What Drives Real Estate Markets?
• 3. Central Cities and Regional Market Analysis.
• 4. Urban Land Values, Transportation Costs Impact and the Urban Form.
• II. FOCUSING ON PROPERTY MARKETS BY TYPE.
• 5. Residential Single Family Market Analysis.
• 6. Office and Industrial Property.
• III. LEGAL AND REGULATORY ENVIRONMENT.
• 7. Real Estate Property Rights, Fixtures and Ownership.
• 8. Contracts, Transferring Real Property Interests, and Leases.
• 9. Negotiation, Ethics and Risk Management in the Contracting Process.
• 10. Land Use Controls and Property Taxes.
• IV. REAL ESTATE FINANCIAL AND INVESTMENT ANALYSIS.
• 11. Introduction to Investment Concepts.
• 12. Value Theory, Highest and Best Use Analysis and the Cost Approach. Note: Extra Material on the Appraisal Industry on CD.
• 13. The Market Approach to Value.
• 14. Cash Flow Analysis. Note: Excel Spreadsheet for Cash Flow Analysis on CD.
• 15. Valuation Analysis: Income Discounting, Cap Rates and DCF Analysis.
• 16. Risk Analysis, Leverage and Due Diligence.
• 17. An Introduction to the Process of Real Estate Finance.
• 18. Real Estate Finance Tools: Present Value and Mortgage Mathematics. Note: Extra Mortgage Problems and Solutions on CD.
• 19. Residential Real Estate Finance: Mortgage Choices, Pricing and Risks.
• 20. Commercial Real Estate Finance.
• 21. Institutional Investment and REITs.
• V. REAL ESTATE BROKERAGE, LEASING, DEVELOPMENT AND TRENDS.
• 22. Residential Brokerage.
• 23. Commercial Brokerage and Leasing.
• 24. Real Estate Development and Property Trends.
• Appendix.
• Glossary.
• Index.