Real Estate Markets: Macroeconomics

3-0-3 units · Graduate

Applies the latest economic thinking and research to the task of analyzing aggregate real estate market time series, assessing risk, and developing forecasts. Presents the premise that because of capital durability and construction lags, real estate markets exhibit some degree of mean reversion and as such are at least partially predictable. Examines the extent and causes of market volatility across different markets and types of property. Long-term aggregate trends impacting the real estate sector, from demographics to technology, discussed. Limited to 30.