“The fifth edition of “Real Estate Finance, Theory and Practice” continues a long-standing tradition of making real estate finance clear and relevant through the direct application of real world real estate situations. Based on sound economic and financial principles, the primary goal of this market-leading text by authors Terrence M Clauretie and G. Stacy Sirmans is to promote a greater understanding of how real estate financial markets function and evolve. The authors blend scholarly theory with practical application, applying the theoretical aspects of financial economics when explaining how and why real estate financial institutions and markets have grown and evolved into their present state. The text also discusses the impact of pertinent federal legislation, especially newly-enacted laws that affect the residential market. The current edition includes a host of new supplemental information like software exercises, keystroke applications, quick review slides, a preparatory workbook, and a bonus CD-ROM packed with pertinent statistics.