Links

LINKS

The American Real Estate Society (ARES) is pleased to offer the following links to websites that might be useful for real estate-related research. However, ARES and its sponsors, affiliates, and staff, are not responsible for any errors, omissions, or distortions of files placed on those websites.

◙ I. Market-Level Economic Base Research Sources

◙ II. General Real Estate Supply and Demand Sources

◙ III. General Real Estate Supply Condition

◙ IV. Data Sources for a Single Property Type

◙ V. Real Estate Related Journals

◙ VI. International Real Estate Societies

I. Market-Level Economic Base Research Base

A. Demography

*Historical Counts*
Decennial Census of population and housing Characteristics	This website provides 100% count of population and housing subjects. Population items tabulated include age, race, sex, marital status, origin, household type and household relationship. Housing items would include tabulated data contains occupancy-vacancy status, tenure, units in structure, value, contract rent, meals, and number of rooms in housing units.
Current Estimates and Forecasts
Bamberg-Handley, Inc	This site displays geodemographic and household expenditure data for the US, Puerto Rico and various other countries. For Example, current estimate of household expenditures for over 750 products for every Block Group, Tract, Zip Code, County and State in the US.
CACI Marketing Systems	CACI's geodemographis databases include es, shopping centers, lifestyles, purchase potential, traffic volumes, crime, and so on. Coverage provided for the US and Europe. Products designed for retail planning, site modeling, and customer profiling.
Compusearch	Compusearch provides micromarketing data on Canadian businesses and households, including lifestyle segmentation profiles (LSPs), current geodemographics, behavioral data, and current street, boundary and postal code files.
County Statistics	Summary of demographic and economic data by county and state, including census year and projections.
Donnelley Marketing	Donnelley Marketing is a provider of consumer and business information and marketing solutions. In July of 1999, it became a wholly owned subsidiary of InfoUSA. In September 1999, InfoUSA integrated three of its operating subsidiaries: Database America, Walter Karl and Donnelley Marketing, to create one business unit, Donnelley Marketing. Data coverage includes consumer mailing lists, and geodemographics.
Equifax/National Decision Systems	Consumer's income, debt and credit history, including how a consumer has paid credit accounts in the past; used as guide to determine whether the consumer is likely to pay accounts on time in the future.
Experian Information Solutions, Inc	Experian is a credit reporting company, and offers fraud protection services, and prospect list generation. Key data includes Real Estates reports, business public records and credit reports.
Geonomics, Inc	This site offers integrated advanced spatial data processing with comprehensive datasets that allow users to truly take advantage of what has become state of the art in mapping. Data will cover census (1970, 1980, 1990), consumer expenditures, weather risk, crime risk, climate, lifestyle segmentation to consumer behavior.
Population Estimates-National	The Population Estimates Program produces estimates for the US areas within the US and Puerto Rico. Data coverage includes total monthly population, annual population estimates, and quarterly population estimates.
State & Metropolitan Area Data Book	The data book contains a collection of statistics on social and economic conditions in the United States at the State and metropolitan area levels. Selected data for component counties and central cites of metropolitan areas are also included.
Global Insight	Global Insight is a provider of global economic information, offering data on the reshaping of world economies, privatization, globalization, declining trade barriers, etc. Key data includes market potential and segmentation analysis allowing the determination of size of market by industry, and consumer segmentation, etc.

B. The Economy

*Employment and Other Economic Indicators*
Current Population Survey	Number of school years completed by the adult population. Decennial census for all areas; annually for the U.S., states and a few large MSAs.
Dun & Bradstreet	Provider of survey data on U.S. and international business
Economic Census, Summary of National Statistics	Displays number of establishments, Sales or Receipts, and Annual Employment Payroll by two-digit SIC codes. Key data includes 10-14 mineral industries, 15-17 construction industries, 20-39 manufactures, 40-49 Transportation, communications and utilities, 50-51 wholesale trade, 52-59 Retail trade, 60-67 Financial, Insurance and Real Estate and 70-87 Services Industries (tax-exempt firms).
Employment Projections	The Office of Employment Projections develops information about the labor market for the Nation as a whole for 10 years in the future: labor force trends by sex, race, or Hispanic origin, and age; employment trends by industry and occupation; and the implications of these data for employment opportunities for specific groups in the labor force, such as youth, the disadvantaged, and college graduates. Time span: 1998-2008 projections.
Industry Labor and Multifactor Productivity	Labor productivity is a measure that relates output to the labor resources expended in producing that output. It is a measure of the efficiency with which labor is being utilized in production. This measure of efficiency reflects improvements in techniques and organization of production - technical change - and the effects of substituting other inputs such as capital and intermediate purchases for labor in the production process.
InfoUSA.com	ABII has a database of 200 million consumers and 12 million business.
RFA	RFA analyzes both U.S. macro economy and regional economies. They use large macro econometric models that are said to integrate local and regional data into the model. Projections are provided at the regional and national levels.
Woods & Poole Economics, Inc.	Independent firm that specializes in long-term county economic and demographic projections. Each year Woods & Poole updates its county database and makes a new long-term projection. The Woods & Poole projections are sold in a variety of printed books, on CD-ROMs, as well as diskettes and magnetic tapes. Woods & Poole has been producing long-term county projections since 1983.
Other Economic Indicators
1992 Census of Transportation, Communications and Utilities	To provide periodic and comprehensive data about transportation, communications, and utilities establishments and their activities.
Census of Governments	To provide periodic and comprehensive statistics about governments and governmental activities.
Forecast of Housing Activity	New housing activity and forecast
Natural Hazards Data Resources Directory from the National Geophysical Data Center	Geophysical data. Natural hazards such as earthquakes, tsunamis, and volcanoes affect both coastal
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II. General Real Estate Supply and Demand Sources

*A. Real Estate Forecasting Reports*
CAP Index Inc.	The company rates locations in the U.S. according to its crime risk relative to the national or local average. Crime risks are calculated in two categories--crimes against persons and crimes against property.
CB Commercial/Torto Wheaton Research	CB Commercial's brokerage surveys are used to compute office and industrial market statistics. These data are provided free of charge and disseminated widely so that they have become the industry standard for vacancy rates.
Grubb & Ellis	Grubb & Ellis maintains a metropolitan area database from a wide variety of published sources on five property types: office, retail, industrial, multifamily rental and hotel.
REIS Reports	REIS provides custom reports for any U.S. market and submarket, and all property types. It surveys' more than 100,000 buildings per year.
*B. Real Estate Market Reports*
Comparative Statistics of Industrial and Office Real Estate Markets	The Society and Landauer Associates, Inc. analyze the results of an annual, nationwide survey of industrial and office real estate market activity in more than 125 industrial and office markets across the U.S., Canada, Mexico and abroad.
National Real Estate Index/Market Monitor	This index consists of publication samples: 1. Quarterly Market Report, 2. Market Monitor, and 3. Market History Reports
Market Source	Examines four property types, including office, industrial, retail, multifamily and single-family residential for 30+ metropolitan areas.
NAI Real Estate Planning Guide	This report covers 184 U.S. markets, for office, retail and industrial vacancy rates. Data are collected for downtown and suburban office space; bulk warehouse, manufacturing and high-technology industrial space; downtown, strip center, community and enclosed mall retail space; and sales price per acre of land.
ULI Market Profiles	ULI produces an annual compendium of market studies by major metropolitan area in the U.S. and some international markets.
*C. Specialized Real Estate Sources*
Clayton-Fillmore Reports	Reports on the general economy and specific real estate conditions (apartments, office, industrial, retail and single-family). The reports are: 1. The Clayton-Fillmore report 2.the CF Apartment Reporter Research 3. The Extended-Stay/Lodging Quarterly Research 4. Custom apartment Reports
Survey of Loan Delinquencies	Each issue includes quarterly loan commitments on commercial properties by census region and property type. Each issue also provides quarterly loan delinquencies as well as foreclosures in the nine census regions for one-to four-family residential, apartment, retail, office, industrial, hotel and motel, and mixed-use properties.
Real Estate Performance Report	This is a survey of total property returns, segmented into income and capital appreciation, for properties acquired on behalf of tax-exempt institutions and held in a fiduciary environment.
U.S. Vacancy Reports	U.S. Vacancy Reports have been produced every quarter since the early 1970s. They cover the office and industrial sectors of commercial real estate in the major markets of the U.S.
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III. General Real Estate Supply Condition

*A. Permits*
Construction Analysis System (CAS)	Summary database provides numbers on projects, contract value, square footage and number of dwelling units (for housing) for 209 structure types at the county level. The database can be purchased on an annual subscription basis or on an as-needed basis
Real Estate and Construction Service	The federal government assembles construction permit data by property type for counties, MSAS, states, and the nation. The data are published monthly in the Bureau of the Census's C-40 Report. WEFA also reports permits by MSA and county but divides permits into two categories: residential and a single category called commercial.
*B. Starts*
Census of Construction Industries	Each industry publication presents at the state level and the U.S. level detailed information on construction performed an value of inputs to that construction.
Census of Construction Industries Geographic Area Series	On a monthly basis, Construction Statistics tracks the numbers of Construction statistics measure the dollar value of all construction put in place each month.
*C. Agricultural Land*
Census of Agriculture States and County Highlights	/The census of agriculture is a complete accounting of U.S. production. The census is the only source of uniform, comprehensive agricultural data for every county.
Census of Agriculture Zip Code Tabulations of Selected Items	The Zip Code Tabulations report provides selected statistics, by zip code, from the 1997 farms and ranches, and the only source of comparable detailed data at the county level.
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IV. Data Sources for a Single Property Type

*A. Office*
BOMA Experience Exchange Report	BOMA assembles a report that details income and expense statements for office buildings throughout North America based on members' responses to a standard survey.
Industry Research & Office Building Data	IREM survey details income and expense statements for office buildings throughout North America based on members' responses to a standard survey.
Office Market Data book/North American Office Market Report	International office markets includes rents, absorption statistics, vacancy statistics, construction statistics and operating costs. It is available from independent member brokers. Market size statistics.
*B. Retail*
1992 Economic Census: Census of Retail Trade	The 1992 Census of Retail Trade, part of the 1992 Economic Census, covered retail trade as defined in the Standard Industrial Classification (SIC) Manual (Standard Industrial Classification: 1987).It includes all establishments primarily engaged in selling merchandise for personal or household consumption and rendering services incidental to the sales of the goods.
Canadian Directory of Shopping Centers	Canadian Directory of Shopping Centers
Census of Service Industries	Basic data obtained for all establishments include kind of business, federal income tax status, geographic location, taxable operating receipts, annual and first quarter payroll and employment for the pay period including March 12.
Census of Wholesale Trade Establishment and Firm Size	All wholesale trade establishments with payroll are included in survey.
Claritasexpress.com	.Three online sites for the business geography market analyst: 1. Sitereports.com--Reports and maps for analyzing markets, selecting site locations & better targeting consumers. 2. Claritasconnect.com--Data variables and reports for profiling of consumer and business markets. 3. Mybestprospects.com--Prospect mailing lists selected based on specific consumer product preferences.
The Construction Analysis System (CAS)	Tabulates retail construction starts in square feet by location and dollar value for two retail categories-free-standing stores and shopping centers, but this series omits specific property detail.
Consumer Expenditure Surveys	The Consumer Expenditure Survey consists of two components--the Diary survey and the Interview survey
Dollars & Cents of Shopping Centers and Dollars & Cents Special Reports	ULI's Dollars & Cents of Shopping Centers reports more than 50 categories of center-wide operating income and expense data, including sales, rents, percentage rents and common area charges for all types of shopping centers by geographic location and age of center.
Income/Expense Analysis: Shopping Centers, Open and Enclosed	Income/Expense Analysis Office Buildings--office building operating revenues and expenses by MSA and some submarkets, of the U.S. and Canada. Operating data is presented by building age group, building size, building height and building rental range.
Monthly Wholesale Trade Survey	Adjusted Estimated Monthly Sales and Inventories by SIC Codes 500 to 519.
The Score: ICSC's Handbook on Shopping Center Operations, Revenues & Expenses	Source of data on U.S. and Canadian shopping center revenues, retail sales, expenses and operating characteristics.
Shopping Centers Today	Market trends in shopping center leasing. It is available online.
*C. Residential (Non-apartment Residences)*
American Housing Survey	The American Housing Survey (AHS) collects data on the nation's housing, including apartments, single-family homes, mobile homes, vacant housing units, household characteristics, income, housing and neighborhood quality, housing costs, equipment and fuels, size of housing unit and recent movers.
Building Permits Survey: Housing Starts and Building Permits	To provide current data on new construction, additions and alterations to existing buildings and demolitions authorized by building permits.
CensusCD+Maps	GeoLytics provides low cost demographic data, housing data, TIGER boundary files, projections and consumer expenditures.
Forecast of Housing Activity, Housing Economics, Housing Market Statistics	NAHB's publications include: Forecast of Housing Activity: Housing Starts: by nine census regions and by state; by single-family and multifamily and by intended use and design. Also includes housing sales and prices, MSA forecasts for top 70 markets, market profile of top 120 markets, "hot" market analysis, market profile of housing and the economy for all states, private nonresidential building construction, forecasts of residential remodeling and the economy.
*D. Apartments*
American Housing Survey	The Bureau of the Census, Housing and Household Economic Studies carries out an annual survey that tracks vacancies for all housing, including single-family units, offered for rent and for multifamily units in configurations of five or more units for the U.S., states, some major metropolitan areas and some cities.
Apartment Research	DVAR and primary collector of data relevant to apartment market analysis.
Fair Market Rent Survey	HUD gathers and publishes and annual Fair Market Rent Survey in the Federal Register. Rents from 3000 metropolitan areas, non-metropolitan areas and counties represent the 45th percentile of rents paid by "new movers," excluding rents for new construction and substandard housing.
Income/Expense Analysis: Conventional Apartments, and Income/Expense Analysis: Federally Assisted Apartments	Trend reports that analyze changes in income, expenses, operating ratios, turnover, vacancies, and utility costs, metropolitan area reports; regional reports; national reports; age group reports; and special reports.
Korpacz Real Estate investor Survey	The survey interviews a cross section of major institutional market participants regarding the cash flow assumptions-free-and-clear-equity IRRS, free-and-clear equity cap rates, market rents, expense growth rates and residual cap rates used to analyze various types of 'investment opportunities in the U.S. property types at the national level include regional malls, retail strip centers, CBD offices, suburban economy/limited-service hotels and luxury hotels
MP/F Research, Inc.	MP/F publishes current market conditions for multifamily rental units by metropolitan area, region and the U.S. as a whole as well as current and historical employment and multifamily building trends by metropolitan area and the nation.
National Real Estate Index market Monitor	The index provides source of information on the apartment market. The apartment properties of specific size and construction.
ReiSource America/Reis.com Updates	ReiSource America offers accurate, pertinent metro- and submarket-level data in the top 50 U.S. metros. Carries out annual rent, vacancy surveys and market analysis for major MSAs for the real estate product categories of apartments, office, industrial and retail.
Survey of Income and Expense	NAA provides economic rents for market-rate apartment buildings in 57 areas.
Viewpoint	This annual compendium of market conditions includes inventory, vacancy, adsorption, new construction, discount rates, capitalization rates, market rent, expense growth rates and tenant finish allowances for 45 metropolitan areas divided into CBD multifamily and suburban multifamily segments.
*E. General Residential Surveys*
Clayton-Fillmore Reports	Each monthly issue reports on the general economy and specific real estate conditions (for apartment, single-family, office, retail and industrial properties) in a single region encompassing several metropolitan areas
Real Estate Analysis and Planning Service (REAPS)	REAPS offers quarterly histories and forecasts for 56 major metropolitan areas for single-family housing and multifamily housing.
ULI InfoPackets	Information is available on affordable housing, apartments/rental housing, congregate/life care facilities, downtown housing, innovative attached housing, low-income housing, manufactured housing/mobile home parks, new towns/planned communities, retirement housing, single room occupancy housing and zero-lot-line housing.
ULI Market Profiles	.The profiles review single-family and multifamily residential property developments and conditions in about 80 markets in North America, Europe and the Pacific Rim.
*F. Industrial*
Census of Manufacturers	Presents final figures for each of approximately 459 industries by groups of related industries.
Census of Manufactures-Industry Series	Presents final figures for each of approximately 459 industries by groups of related industries (for example, the dairy products group includes butter, cheese, milk and related industries). Information is provided on quantity and value of products shipped and materials consumed, cost of fuels and electric energy consumed, capital expenditures, assets, rents, inventories, employment, payrolls, payroll supplements, hours worked, value added by manufacturing, number of establishments and number of companies.
Census of Mineral Industries	All domestic mining establishments that are classified in SIC Division B, Mining, and have at least one employee. establishment coverage has been the same since 1967.
Comparative Statistics of Industrial & Office Real Estate Markets	SIOR surveys its members in a written questionnaire on the condition of the local industrial market represented by each member. The surveys are then computerized and presented in a written volume with text commentary prepared by analysts at Landauer Associates.
Industrial Building Income and Expense Report	The NAIOP report contains income and expense data for about 500 industrial properties. Data obtained from over 100 NAIOP members.
Industrial Outlook Report	The report summaries the output of an econometric model that compares the performance of markets/MSAs.
Market Source	This report covers 126 markets, mostly in the U.S., for office, retail and industrial properties.
National real Estate Index/market Monitor	This index consists of publication samples: Quarterly Market Report, Market Monitor, Marketscore, Market History Reports, national overview, REIT Publications: REITSource Property Data disk, and REITSource Property Directory.
Real Estate Analysis and Planning Service (REAPS)	REAPS offers quarterly histories and forecasts for 56 major metropolitan areas for warehouses.
Real Estate Planning Guide	The report uses both narrative reviews and statistical charts, providing market highlights, trends, demographic and business profiles, rental rates, vacancy rates and land prices.
ULI Market Profiles	ULI produces an annual compendium of market studies for about 74 metropolitan areas in North America and 32 international markets. Under the industrial property market section, the text comments on development and investment activity, new projects, rents and lease terms, public policy issues and outlook.
*G. Hotels*
The CIA World Factbook	Quantitative and qualitative information on countries.
Construction Analysis System (CAS)	Summary database provides numbers on projects, contract value, square footage and number of dwelling units (for housing) for 209 structure types at the county level.
D.K. Shifflet and Associates	D.K. Shifflet and Associates provides customized consumer research on lodging preferences and travel patterns, including such concepts as type of hotel, length of stay, trip purpose, destination and demographics characteristics of travelers.
Hospitality Directions	Hospitality industry market trends
Lodging Outlook/Host	Smith Travel Research service reports monthly performance statistics, including occupancy and average daily rate of supply, and annual operating statistics, including revenues, expenses, and profitability.
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V. Real Estate Related Journals

A. Journals Published by the American Real Estate Society
Journal of Real Estate Research	The American Real Estate Society's flagship journal publication, the JRER is a valuable guide to issues in real estate for professionals and academics alike.
Journal of Real Estate Literature	Our sister journal, the JREL, encourages academic research and teaching in the field of real estate by providing information for researchers and educators.
Journal of Real Estate Practice and Education	The JREPE encourages excellence in teaching and to motivate research in real estate education and practice.
Journal of Real Estate Portfolio Management	Another of our sister journals, the JREPM features articles on the management of real estate portfolios.
International Real Estate Review	The International Real Estate Review is the official refereed journal of the Asian Real Estate Society (AsRES). It serves as a vehicle for communication between real estate academics, professionals, and policy makers.
Pacific Rim Property Research Journal	The Pacific Rim Property Research Journal is the official quarterly refereed journal of the Pacific Rim Real Estate Society (PRRES) and is intended to offer academics and practitioners a forum for the dissemination of the latest ideas in property research in the Pacific Rim region.
Journal of Housing Research	The JHR serves as an outlet for theoretical and empirical research on a broad range of housing related topics, including but not limited to, the economics of housing markets, residential brokerage, home mortgage finance and mortgage markets, and international housing issues.
B. Real Estate-Related Journals Online
Briefings in Real Estate Finance	Briefings in Real Estate Finance aims to be the leading publication in its field by increasing practical understanding f the processes and challenges associated with the funding of real estate.
Journal of Housing Economics	"...Publication of economic research related to housing and encourages papers that bring to bear careful analytical technique on important housing-related questions."
Journal of Housing Research	Usually published twice a year, this journal offers theoretical and empirical research on housing and residential mortgage finance.
Journal of Property Finance	"...latest thinking, techniques and developments in a complex field where legislation is constantly under review, being challenged, or being introduced."
Journal of Property Investment & Finance	"...Discussion and debate relating to all areas of property investment and finance."
Journal of Property Research	"...applied research...into property investment and development "(formerly known as Land Development Studies).
Journal of Real Estate Finance and Economics	"...Theoretical and empirical research on real estate using the paradigms and methodologies of finance and economics."
Journal of Urban Economics	"...Empirical, theoretical, positive, and normative approaches to urban economics."
Land Economics	This link is to a page describing the journal. The page also has shopping cart functions so you can order a copy from the publisher.
Real Estate Economics	"...To facilitate communication among academic researchers and industry professionals and to improve the analysis of real estate decisions."
Real Estate Issues	Published by the Counselors of Real Estate (http://www.cre.org/index.cfm) - the membership organization established exclusively for real estate advisors who provide intelligent, unbiased, and trusted advice for a client or employer.
C. More Real Estate-Related Journals Online
Appraisal Journal	Insightful articles on appraisal theory and practice.
Assessment Journal	The link is to the Web site of the International Association of Assessing Officers, publishers of the Assessment Journal (formerly known as the Property Tax Journal).
Housing Policy Debate	"Recent articles have explored the challenges facing public housing, the future of American cities, the link between housing and neighborhood quality, and how growth management practices impact the supply of affordable housing."
Institutional Real Estate Letter	"Monthly trade magazine serving the information needs of pension, foundation and endowment funds, and the people and companies who serve them."
Journal of the American Planning Association	"...cutting-edge research with practical applications...planning techniques and programs, anticipate problems, and suggest possible solutions."
Journal of Corporate Real Estate	"...A valuable fund of ideas, techniques, case studies and research to support senior CRE [corporate real estate] managers.
Journal of Housing and the Built Environment	The Journal of Housing and the Built Environment is a scholarly journal presenting the results of original scientific research and new developments in policy and practice to a diverse readership. This refereed journal, now published by Kluwer Academic Publishers, covers the fields of housing, spatial planning, building and urban environment.
Journal of Property Management	"Industry trends, money-saving ideas, and legislative news for real estate managers.
Journal of Property Valuation and Investment	"Expert and technical appraisals of fundamental issues affecting the property industry today."
National Real Estate Investor, Online	"...the leading source of information for the commercial real estate industry."
Planning Theory & Practice	"...to provide a focus for the development of theory and practice in spatial planning, and to encourage the development of a spatial dimension in other areas of public policy."
Property Management	"Enhance your property management skills and keep pace with leading edge thinking, research and best practice."
Real Estate Forum	News for the real estate industry.
Regional Studies	Journal of the Regional Studies Association, this journal is "at the forefront of original multi- and inter-disciplinary research, policy analysis and debate about urban and regional development."

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VI. International Real Estate Societies

Asian Real Estate Society (AsRES)	Asian Real Estate Society (AsRES) was established in 1996 with an aim to produce and disseminate real estate related knowledge with particular emphasis on Asia. AsRES offers a great opportunity for anyone who would like to learn more about Asian real estate markets and to interact with real estate educators and professionals in Asia.
Pacific Rim Real Estate Society (PRRES)	PRRES was established in 1993 to provide a formal focus for property researchers, educators and practioners in the Pacific-Rim Region.
European Real Estate Society (ERES)	The European Real Estate Society (ERES) was established in 1994 to create a structured and permanent network between real estate academics and professionals across Europe. ERES is dedicated to promoting and advancing the field of real estate research throughout Europe. ERES is a non-profit organisation affiliated with the International Real Estate Society, an organisation giving us an even wider contact base in real estate.
African Real Estate Society (AfRES)	The African Real Estate Society (AfRES) is a continent-wide organisation that seeks to promote networking, research and education among property professionals across Africa. It is affiliated to the International Real Estate Society (IRES), along with sister societies in North America (ARES), Asia (AsRES), Europe (ERES), the Pacific Rim (PRRES) and Latin America (LaRES).
Latin American Real Estate Society (LaRES)	LaRES is a service organization, non-bureaucratic, whose main goal is to diffuse information and knowledge between the Real Estate professional and academic communities through publications and technical meetings.
International Real Estate Society (IRES)	The International Real Estate Society (IRES) is a federation of regional real estate societies. Each Society maintains control over its own activities while participating in the federation to get the benefits of global co-operation.
American Real Estate and Urban Economics Association (AREUEA)	The American Real Estate and Urban Economics Association (AREUEA) was originated at the 1964 meeting of the Allied Social Science Association in Chicago. AREUEA grew from discussions of individuals that recognized a need for more information and analysis in the fields of real estate development, planning and economics. The continuing efforts of this non-profit association has advanced the scope of knowledge in these disciplines and has facilitated the exchange of information and opinions among academic, professional and governmental people who are concerned with urban economics and real estate issues.

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