This course considers the economics of urban housing and land markets from the viewpoints of investors, developers, public and private managers, and consumers. We will also analyze the links between primary and secondary mortgage markets, securitization, and liquidity. One to three hours of lecture per week.
Topics vary each semester.
Students will be introduced to the fundamentals of real estate financial analysis, including elements of mortgage financing and taxation. The course will apply the standard tools of financial analysis to specialized real estate financing circumstances and real estate evaluation. This course will explore the theory, history, methods, and practice of local community development. The course will begin by examining the historical roots of community involvement and action. It will present alternative explanations for different paths of neighborhood and community change.