REAL-667 Real Estate Finance (3)

This course explores the impact of changes in the national economy (as measured by GNP, consumer spending, inflation, interest rates, and other economic data) on real estate markets. Topics covered include the effects of general economic conditions on the value of both housing and commercial property, and on financing arrangements and financial instruments in this market (e.g., mortgage markets, including ARMs and creative financing, secondary mortgage markets, MBS, CMOs, and other new developments in real estate financing). Crosslist: FIN-467, FIN-667, and REAL-467. Recommendation: FIN-632 or REAL-632.