Summary

Provides a decision-oriented approach that emphasizes concepts. Includes new material focusing on value and investment analysis. Analyzes the significance of inflation and related developments during the 1970s and early 1980s for the real estate sector of the economy. Examines physical, legal, and economic aspects, stressing analysis of economic, political, governmental, and environmental trends on national, regional, and local levels. Covers market analysis, location and risk analysis, and appraising methods. Analyzes practical aspects of decision making in building and land development, brokerage, property management, and finance. Also reviews problems in private and public sectors relative to housing, urban trends, commercial and industrial real estate, farms, forests, ranches, recreational lands, and international trends.