URP 594, Section 1

What is real estate? What makes the real estate sector unique? What changes have we seen in the urban environment within which the real estate sector has to operate? How do these changes affect the value of real estate and risks of real estate investment? By examining the connection between real estate and urban development, URP 594 will provide students with both the theoretical perspectives as well as the tools and basic facts they need to analyze real estate markets and urban development processes. Thematically the course will examine subjects such as theories of the real estate system, metropolitan economic growth and its determinants, the role of urban land market in shaping urban development pattern, the operation of different real estate sectors, and real estate in the global context.