Examines real estate market operations and discusses alternative methodologies for estimating real estate values. Examines various theories of land price determination and uses these models to understand how the private market allocates land to competing residential, office, retail, industrial/warehouse, hotel, and other end users. Examines how factors influencing the demand for real estate interact with the supply of real estate to determine market rents and how the flow of future expected income is capitalized to yield the market price of the asset.
instructor(s)
Billings, Stephen B
Primary Instructor
- Fall 2018 / Fall 2019 / Fall 2020 / Fall 2021
Song, Jaehee
Primary Instructor
- Fall 2022 / Fall 2023 / Fall 2024
