Synopses & Reviews
This new edition teaches the beginning real estate student the skills and knowledge set necessary for success in real estate. The primary emphasis is residential finance with some coverage of commercial real estate with solid coverage of the essential tools of finance including time value of money.
About the Author
Terrence M. Clauretie received his Ph.D. in Economics from Washington State University. He is currently a professor of Real Estate Finance at UNLV. To date, he has authored three texts and 75 articles in academic and professional journals. He is a fellow of the Homer Hoyt Advanced Studies Institute, and also a former adjunct professor of the National Association of Corporate Real Estate Executives.G. Stacy Sirmans is the Kenneth G. Bacheller Professor of Real Estate at the Florida State University. He has published extensively in the real estate area on a variety of topics. His work has appeared in journals such as the Journal of financial and Quantitative Analysis, the Journal of Real Estate Finance and Economics, and the Journal of Real Estate Research. He has also served on a number of editorial boards of academic journals. Dr. Sirmans holds a Ph.D. in Finance and Real Estate from the University of Georgia. He has taught at Emory University and Clemson University, and has served as a Visiting Scholar to the Federal Home Loan Bank Board.
Table of Contents
Part 1: About Real Estate Finance, Chapter 1. Real Estate and the U.S. Economy, Chapter 2. Flow and Sources of Real Estate Funds, Chapter 3. The Secondary Mortgage Market, Chapter 4. Interest Rates and Risk, Chapter 5. The Time Value of Money, Part 2: The Instruments of Residential Real Estate Finance, Chapter 6. The Early History of Residential Finance and Creation of the Fixed-Rate Mortgage, Chapter 7. Instruments of Real Estate Finance, Chapter 8. The Fixed-Rate Mortgage, Chapter 9. Alternative Mortgage Instruments, Part 3: The Loan Process, Chapter 10. The Borrower, Chapter 11. The Collateral, Chapter 12. Closing and Insurance, Chapter 13. Modern Finance, Part 4: Government Regulations and Programs, Chapter 14. Federal Regulation of Mortgage Lending, Chapter 15. Federal Subsidies and Grants for Housing, Glossary, Index.