RE 690 - Market Analysis for Real Estate and Business Decision Making
 MW 9:30-10:45
204 Clinton Hall
Spring 2011

Professor: Dr. Stanley D. Longhofer
Phone: 316-978-7163
E-mail: stan.longhofer@wichita.edu
Web: http://webs.wichita.edu/longhofer/re690.htm
Office hours: Mondays 12:30-2:00

Site last updated: 02/06/12

Special Announcements

May 9, 2011 - The schedule for your oral final exams next Monday is as follows:

  • 8:00 a.m. - Mike

  • 8:30 - Krista

  • 9:00 - Josh

  • 9:30 - Andy

  • 10:00 - Sabria

Please come to my office (311A Clinton Hall).  As discussed in class today, I will ask you to explain various parts of your final project.  In addition, I will ask you questions about the material from the midterm exam earlier this semester.  Finally, I may present a hypothetical market research problem and ask how you would go about working on it.  Also, you should be prepared to discuss what grade you think you have earned this semester. 

May 4, 2011 - On Monday we will simply answer any questions you have about your Downtown Condo reports.  Please make sure you have a very complete rough draft for Monday.  You won't be able to ask good questions if you haven't tried to work through the entire report.

Final drafts will be due on Wednesday.

April 27, 2011 - The notes from today are posted.  You will also find my spreadsheet from class on the Downloads page.  Your assignment for Monday is to complete the analysis I did for Minneapolis with your assigned city.

March 29, 2011- Yes, I have actually updated the website.  The schedule is updated to reflect what we have done so far, and I have posted a number of sample market studies on the Downloads page.

February 21, 2011 - Make sure that you are doing your research for Homework 2.  We will discuss this in class on Monday, and you need to bring your questions with you. 

February 9, 2011 - Today's notes are now posted.  I have also updated the schedule to reflect our work thus far.

January 24, 2011 - The notes from class today are now up on the website.  On Wednesday, Josh and Michael will be leading our discussion of the two remaining case studies in the chapter.  All of you, however, should re-read them with the following questions in mind:

  • How were the market defining stories developed?  Do you agree with these stories?  Would you have modified them in any way?

  • How were the market defining stories used to structure the initial stages of market research?

  • What data sources were used in the analysis?  Why are they relevant? 

  • What assumptions are being made in the analysis?  How would the conclusions differ if the assumptions were different? 

Also, I pulled the tables referenced in today's case for the Wichita, MSA and linked them here.  I would like you to calculate the number of Wichita households in the same market segment used in the Elysian Forest case. 

In doing this, note that you will have to calculate the percentiles for each income range.  For example from Table B25118, 1.47% of all owner-occupied households have income of less than $5,000 (2,408/163,702).  Similarly, 1.60% of all households have income between $5,000 and $9,999 (2,618/163,702).  This means that third percentile of owner-occupied household income is roughly $10,000 (1.47% + 1.60% = 3.07%).  You can continue to do this through all income ranges to calculate the percentiles of each income break point presented.

We will discuss this exercise on Wednesday.  Be prepared to give your number in class and explain how you calculated it. 

January 19, 2011 (cont.) - The SmartBoard notes from today have been posted. 

January 19, 2011 - Below is information about special opportunities that may interest you, including jobs, internships and scholarships.

January 18, 2011 - This website is not fully up-to date for the present semester yet.  Check back regularly for further updates.

January 11, 2011 - Welcome to Market Analysis for Real Estate and Business Decision Making.  I will use this website to post information and resources for this course.  When in doubt about when an assignment is due or when an exam will be given, the information on this web site will be the final authority.  (Don't forget to press your "refresh" button to make sure you get the latest info.) 

 
Dr. Longhofer's home page.

Center for Real Estate home page.