
Real Estate Principles: A Value Approach
McGraw-Hill Professional (Publisher)
3rd Edition
Published on 16. November 2009
Book
Hardback
704 pages
978-0-07-337732-2 (ISBN)
Description
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 decision is to understand how property values are created, maintained, increased or destroyed.
Since the launch of Real Estate Principals: A Value Approach, 2e 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 displace, giving way to a radically different set of player in mortgage finance. There has been change as well 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.
Since the launch of Real Estate Principals: A Value Approach, 2e 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 displace, giving way to a radically different set of player in mortgage finance. There has been change as well 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.
More details
Edition
3rd edition
Language
English
Place of publication
United States
Publishing group
McGraw-Hill Education - Europe
Target group
College/higher education
Dimensions
Height: 277 mm
Width: 229 mm
Thickness: 33 mm
Weight
1649 gr
ISBN-13
978-0-07-337732-2 (9780073377322)
Copyright in bibliographic data and cover images is held by Nielsen Book Services Limited or by the publishers or by their respective licensors: all rights reserved.
Schweitzer Classification
Other editions
Previous edition
Book
11/2006
2nd Edition
McGraw Hill Higher Education
€126.47
Article exhausted; check for reprint
Persons
David C. Ling (Ph.D, 1984, and MBA, 1977, The Ohio State University) is the William D. Hussey Professor of Real Estate and the Director of the Real Estate Research Center in the Warrington College of Business Adminstration and Graduate School of Business at the University of Florida. Professor Ling serves on numerous editorial boards including the Journal of Housing Economics, Real Estate Economics, The Journal of Real Estate Research, and Real Estate Finance. He has provided research and consulting services to several state and national organizations including the Federal National Mortgage Association, the National Association of Home Builders, the National Association of Realtors, and the Florida Association of Realtors. He is a Fellow of the Homer Hoyt Institute and board member of the Real Estate Research Institute.
Wayne R. Archer is the William D. Hussey Professor at the Warrington College of Business, University of Florida. He is 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 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. Additional information on Professor Archer is available at http://warrington.ufl.edu/departments/fire.
Wayne R. Archer is the William D. Hussey Professor at the Warrington College of Business, University of Florida. He is 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 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. Additional information on Professor Archer is available at http://warrington.ufl.edu/departments/fire.
Content
Part 1: Setting the StageChapter 1:The Nature of Real Estate and Real Estate Markets Chapter 2:Value and Real Estate DecisionsPart 2: Legal and Regulatory Determinants of ValueChapter 3:Legal Foundations to ValueChapter 4:Conveying Real Property InterestsChapter 5:Government Controls and Real Estate MarketsPart 3: Market Analysis and AppraisalChapter 6:Market Determinants of ValueChapter 7:Forecasting Ownership Benefits and Value: Market ResearchChapter 8:Valuation Using the Sales Comparison and Cost ApproachesChapter 9:Valuation Using the Income ApproachPart 4: Financing Home OwnershipChapter 10:Real Estate Finance: The Laws and ContractsChapter 11:Residential Mortgage Types and Borrower DecisionsChapter 12:Sources of Funds for Residential MortgagesPart 5: Brokering and Closing the TransactionChapter 13:Real Estate Brokerage and Listing ContractsChapter 14:Contracts for Sale and ClosingPart 6: Time, Opportunity Cost and Value DecisionsChapter 15:The Effects of Time and Risk on ValueChapter 16:Mortgage Calculations and DecisionsPart 7: Financing and Investing in Commercial Real EstateChapter 17:Commercial Mortgage Types and DecisionsChapter 18:Sources of Commercial Debt and Equity CapitalChapter 19:Investment Decisions: RatiosChapter 20:Investment Decisions: NPV and IRRChapter 21:Income Taxation and ValuePart 8: Creating and Maintaining ValueChapter 22:Enhancing Value through Ongoing ManagementChapter 23:Leases and Property TypesChapter 24:Development: The Dynamics of Creating Value