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- Homer_Hoyt abstract "Homer Hoyt (1895–1984) was a land economist, a real estate appraiser, and a real estate consultant. In his long and accomplished life, he conducted path-breaking research on land economics, developed an influential approach to the analysis of neighborhoods and housing markets, refined local area economic analysis, and was a major figure in the development of suburban shopping centers in the decades after World War II. His sector model of land use remains one of his most well-known contributions to urban scholarship.Hoyt attended the University of Kansas from which he graduated at the age of 18 with a Phi Beta Kappa key. He also earned a J.D. in 1918 and a Ph.D. in economics in 1933, both from the University of Chicago. Between 1918 and 1933, he taught economics, business law, and accounting at various colleges. His dissertation, One Hundred Years of Land Values in Chicago, led to numerous opportunities to work as a real estate consultant. In 1934, he joined the Federal Housing Administration (FHA) as Principal Housing Economist and later taught as a visiting professor at MIT and Columbia University before opening a consulting firm in 1946. He maintained an active practice consulting on real estate development (with a specialization in suburban shopping malls) and economic analysis. Hoyt also invested in real estate, out of which came the money to establish the Homer Hoyt Institute.Hoyt made significant contributions in five areas. First, he developed a novel approach to the historical analysis of land values that utilized primary data and mapping techniques.Second, he applied this methodology during his time at the FHA to assessing the viability of neighborhoods and designing strategies for intervention. His approach combined multiple factors (e.g., condition of dwelling, transportation access, proportion of non-whites) using overlay mapping. The approach enabled the FHA to assess the risk a neighborhood posed for mortgage lenders. The methodology was used by the Home Owners' Loan Corporation (HOLC) to produce Residential Security Area maps for use by lenders. At the time, mixed race neighborhoods were considered unstable and the corresponding attitude towards lending came to be known as red-lining because of the color used on the maps to designate a high-risk neighborhood. Out of this work emerged the sector theory that replaced Ernest Burgess's concentric zone theory of urban morphology.Third, Hoyt refined the method of economic base analysis that enabled municipal and state governments to assess potential population growth based on the mix of basic and non-basic employment within their economies. Fourth, Hoyt's ability to analyze profitable locations for shopping centers and to estimate their likely revenues made him the country's premier consultant on these matters. Lastly, Hoyt wrote frequently on urban development from a comparative perspective, producing some of the earliest writings in this vein.Hoyt was not only a consultant but an active contributor to the profession of real estate appraising and to land economics and real estate analysis. The textbook, Principles of Real Estate co-authored with Arthur Weimer, went through seven editions and he published in a variety of professional and academic journals. His legacy continues with the Homer Hoyt Institute that supports real estate research, provides advanced studies for Weimer School fellows, and works to support careers in real estate.".
- Homer_Hoyt birthDate "1895".
- Homer_Hoyt birthYear "1895".
- Homer_Hoyt deathDate "1984".
- Homer_Hoyt deathYear "1984".
- Homer_Hoyt wikiPageExternalLink www.hoyt.org.
- Homer_Hoyt wikiPageExternalLink www.hoyt.org.
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- Homer_Hoyt wikiPageWikiLink Category:1984_deaths.
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- Homer_Hoyt wikiPageWikiLink Columbia_University.
- Homer_Hoyt wikiPageWikiLink Commercial_law.
- Homer_Hoyt wikiPageWikiLink Concentric_zone_model.
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- Homer_Hoyt wikiPageWikiLink Ernest_Burgess.
- Homer_Hoyt wikiPageWikiLink Federal_Housing_Administration.
- Homer_Hoyt wikiPageWikiLink Florida.
- Homer_Hoyt wikiPageWikiLink Home_Owners_Loan_Corporation.
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- Homer_Hoyt wikiPageWikiLink Land_economy.
- Homer_Hoyt wikiPageWikiLink Land_use.
- Homer_Hoyt wikiPageWikiLink Map_(mathematics).
- Homer_Hoyt wikiPageWikiLink Massachusetts_Institute_of_Technology.
- Homer_Hoyt wikiPageWikiLink Methodology.
- Homer_Hoyt wikiPageWikiLink Mortgage_loan.
- Homer_Hoyt wikiPageWikiLink Neighbourhood.
- Homer_Hoyt wikiPageWikiLink Phi_Beta_Kappa_Society.
- Homer_Hoyt wikiPageWikiLink Population_growth.
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- Homer_Hoyt wikiPageWikiLink Real_estate.
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- Homer_Hoyt wikiPageWikiLink Real_estate_development.
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- Homer_Hoyt wikiPageWikiLink Research.
- Homer_Hoyt wikiPageWikiLink Sector_model.
- Homer_Hoyt wikiPageWikiLink Shopping_mall.
- Homer_Hoyt wikiPageWikiLink Textbook.
- Homer_Hoyt wikiPageWikiLink Thesis.
- Homer_Hoyt wikiPageWikiLink Transport.
- Homer_Hoyt wikiPageWikiLink University_of_Chicago.
- Homer_Hoyt wikiPageWikiLink University_of_Kansas.
- Homer_Hoyt wikiPageWikiLink Urban_morphology.
- Homer_Hoyt wikiPageWikiLink Urban_planning.
- Homer_Hoyt wikiPageWikiLink World_War_II.
- Homer_Hoyt wikiPageWikiLinkText "Homer Hoyt Institute".
- Homer_Hoyt wikiPageWikiLinkText "Homer Hoyt".
- Homer_Hoyt dateOfBirth "1895".
- Homer_Hoyt dateOfDeath "1984".
- Homer_Hoyt name "Hoyt, Homer".
- Homer_Hoyt shortDescription "American economist".
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- Homer_Hoyt description "American economist".
- Homer_Hoyt description "American economist".
- Homer_Hoyt subject Category:1895_births.
- Homer_Hoyt subject Category:1984_deaths.
- Homer_Hoyt subject Category:American_economists.
- Homer_Hoyt hypernym Economist.
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- Homer_Hoyt comment "Homer Hoyt (1895–1984) was a land economist, a real estate appraiser, and a real estate consultant. In his long and accomplished life, he conducted path-breaking research on land economics, developed an influential approach to the analysis of neighborhoods and housing markets, refined local area economic analysis, and was a major figure in the development of suburban shopping centers in the decades after World War II.".
- Homer_Hoyt label "Homer Hoyt".
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- Homer_Hoyt sameAs Хойт,_Хомер.
- Homer_Hoyt sameAs Q11338377.
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- Homer_Hoyt givenName "Homer".
- Homer_Hoyt isPrimaryTopicOf Homer_Hoyt.
- Homer_Hoyt name "Homer Hoyt".
- Homer_Hoyt name "Hoyt, Homer".
- Homer_Hoyt surname "Hoyt".