Real Estate Principles: A Value Approach ISE

Häftad, Engelska, 2023

915 kr

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Beskrivning

Real Estate Principles: A Value Approach demonstrates how value is central to virtually all real estate decision-making. Students using Ling and Archer should finish the course with a value-oriented framework and a set of valuation and decision-making tools that can be applied in a variety of real-world situations. The key to making sound investment decisions is to understand how property values are created, maintained, increased, or destroyed.

Since the launch of Real Estate Principles: A Value Approach, significant and lasting changes have come upon the world of real estate. This is very true in real estate finance and capital sources where most of the traditional lenders have been transformed or displaced, giving way to a radically different set of players in mortgage finance. There has been change with profound and far-reaching implications in a world where it is understandable that property values can go down as well as up. This realization will color every aspect of real estate investment, finance and transactions for the foreseeable future.

Produktinformation

Utgivningsdatum:2023-03-06
Mått:213 x 274 x 27 mm
Vikt:1 138 g
Format:Häftad
Språk:Engelska
Upplaga:7
Förlag:McGraw-Hill Education
ISBN:9781266284960

Utforska kategorier

Företagsekonomi inom Ekonomi och Ledarskap

Mer om författaren

David C. Ling is the McGurn Professor of Real Estate at the University of Florida. Professor Ling received an MBA (1977) in finance and a Ph.D. (1984) in real estate and economics from The Ohio State University. His academic and professional publications have included articles on housing policy and economics, mortgage markets and pricing, private commercial real estate investments, publicly traded real estate companies, and performance evaluation. Professor Ling’s research has been published in general interest finance journals (Journal of Financial Economics), leading field journals in finance and economics (e.g., Journal of Urban Economics, Journal of Money, Credit and Banking, Journal of Banking and Finance, National Tax Journal), as well as the leading real estate focused journals (Real Estate Economics, Journal of Real Estate Finance and Economics, Journal of Real Estate Research).During 2000, Professor Ling served as President of the American Real Estate and Urban Economics Association (AREUEA). From 2000 to 2005, he also served as editor of Real Estate Economics. Professor Ling serves on numerous journal editorial boards including Real Estate Economics, the Journal of Real Estate Finance and Economics, the Journal of European Real Estate Research, and The Journal of Real Estate Research. In 2011, Professor Ling was the recipient of the George Bloom Award, which is presented annually by the Directors of the American Real Estate and Urban Economics Association for “outstanding contributions to the field of real estate academics.” In 2010, he was awarded the David Ricardo Medal by the American Real Estate Society, which is ARES’s highest honor “in recognition of research productivity and influence over a 20-year period.”Additional information on Professor Ling is available at http://warrington.ufl.edu/directory/person/5291. Wayne R. Archer is Emeritus Professor at the University of Florida. Previously, he was the William D. Hussey Professor at the University of Florida and the Executive Director of the Bergstrom Center for Real Estate Studies. He received a Masters in economics from Wichita State University (1968) and a Ph.D. in economics from Indiana University (1974). He has been a faculty member at the University of Florida since 1971. From 1979 through 1981, he served as a visiting researcher at the Federal Home Loan Bank Board and Federal Savings and Loan Insurance Corporation. His research publications include articles on office markets, house price indices, mortgage prepayment, mortgage pricing, and mortgage default risk.Professor Archer is a member of the American Real Estate and Urban Economics Association, where he has served on the board of directors, and also is a member of the American Real Estate Society. He served on the editorial board of Real Estate Economics. He is a Fellow of the Homer Hoyt Institute.Professor Archer taught in the University of Florida’s distance MBA program and has worked in industry education throughout his academic career, including service as the educational consultant to the Florida Real Estate Commission from 1985 to 1999. Among additional roles, he served as a regular faculty member in programs of the Mortgage Bankers Association of America, in the Institute of Financial Education affiliated with the U.S. League of Savings and Loan Associations, and. more recently, with Freddie Mac. In addition, he has provided consulting services to industry and government from time to time throughout his career, and also serves from time to time as a consultant and advisor for real estate graduate programs in other universities.Additional information on Professor Archer is available at http://warrington.ufl.edu/directory/person/5371/.

Innehållsförteckning

PART 1: SETTING THE STAGE Chapter 1: The Nature of Real Estate and Real Estate Markets PART 2: LEGAL AND REGULATORY DETERMINANTS OF VALUE Chapter 2: Legal Foundations to Value Chapter 3: Conveying Real Property Interests Chapter 4: Government Controls and Real Estate Markets PART 3: MARKET VALUATION AND APPRAISAL Chapter 5: Market Determinants of ValueChapter 6: Forecasting Ownership Benefits and Value: Market Research Chapter 7: Valuation Using the Sales Comparison and Cost Approaches Chapter 8: Valuation Using the Income Approach PART 4: FINANCING HOME OWNERSHIP Chapter 9: Real Estate Finance: The Laws and Contracts Chapter 10: Residential Mortgage Types and Borrower Decisions Chapter 11: Sources of Funds for Residential Mortgages PART 5: BROKERING AND CLOSING THE TRANSACTION Chapter 12: Real Estate Brokerage and Listing Contracts Chapter 13: Contracts for Sale and Closing PART 6: TIME, OPPORTUNITY COST, AND VALUE DECISIONS Chapter 14: The Effects of Time and Risk on Value Chapter 15: Mortgage Calculations and Decisions PART 7: FINANCING AND INVESTING IN COMMERCIAL REAL ESTATE Chapter 16: Commercial Mortgage Types and Decisions Chapter 17: Sources of Commercial Debt and Equity CapitalChapter 18: Investment Decisions: Ratios Chapter 19: Investment Decisions: NPV and IRR Chapter 20: Income Taxation and ValuePART 8: CREATING AND MAINTAINING VALUEChapter 21: Enhancing Value Through Ongoing Management Chapter 22: Leases and Property Types Chapter 23: Development: The Dynamics of Creating Value