Urban Economics and Real Estate Markets

A long-awaited update of a pioneering book, Urban Economics and Real Estate Markets, Second Edition remains the only urban economics book focused on both the micro and macro analysis of the operation of real estate markets. This book presents a unique combination of both economic theory and real estate applications, providing students and professionals with the tools and techniques needed to understand the operation of urban real estate markets. It examines residential, commercial, industrial and retail markets from the perspectives of both macro- and micro- economics, as well as the role of government in real estate markets. Renowned for its rigorous analysis, this new edition has been completely overhauled and includes an empirical look at the impact of the global financial crisis on real estate markets and the subsequent recovery, new international examples, cases, and data, and updates to the literature since the first edition including the latest data and empirical examples. This book provides a broad understanding of the economic forces affecting cities and urban development to students interested in careers in real estate, finance, city planning, and other public and private sector positions. This book is targeted at undergraduate and graduate classes in urban economics and real estate as well as real estate, planning, finance and public sector professionals.