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Appropriate for advanced undergraduate courses in Real Estate or Urban Economics and graduate-level business courses in Public Policy and Urban Planning. Also useful as a professional reference. This up-to-date, highly-accessible text presents a unique combination of both economic theory and real estate applications, providing students with the tools and techniques needed to understand the operation of urban real estate markets. It examines residential and non-residential real estate markets--from the perspectives of both macro- and micro- economics--as well as the role of government in real estate markets.

Cities and towns --- Real estate business --- Real estate development --- Urban economics --- 338.76 --- US / United States of America - USA - Verenigde Staten - Etats Unis --- 332 --- City economics --- Economics of cities --- Economics --- 332 Regionale economie. Territoriale economie. Grond en bodem. Onroerend goed. Economie van het wonen --- Regionale economie. Territoriale economie. Grond en bodem. Onroerend goed. Economie van het wonen --- Growth --- Bouwindustrie. Onroerende bouwwerken --- Economic aspects --- Land. Real estate --- Real estate business - United States --- Real estate development - United States --- Cities and towns - United States - Growth

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Individuals invest in their local environments by volunteering, getting involved in local government, becoming informed about their political leaders, joining non-professional organizations and even gardening. Homeownership may encourage these investments because homeownership gives individuals an incentive to improve their community and because homeownership creates barriers to mobility. Using the U.S. General Social Survey document that homeowners are more likely to invest in social capital, and a simple instrumental variables strategy suggests that the relationship may be causal. While our results are not conclusive, we find evidence that a large portion of the effect of homeownership on these investments may come from lower mobility rates for homeowners. Using the German Socio-Economic Panel homeownership and citizenship controlling for individual fixed effects. Finally, across cities and counties, areas with more homeowners have lower government spending, but spend a larger share of their government budget on education and highways.

Infrastructure (Economics)

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