Homer Hoyt was an American economist known for his pioneering work in land use planning, zoning, and real estate economics.
11 Facts About Homer Hoyt
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Homer Hoyt conducted notable research on land economics and developed an influential approach to the analysis of neighborhoods and housing markets.
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Homer Hoyt's legacy is controversial today, due to his prominent role in the development and justification of racially segregated housing policy and redlining in American cities.
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Homer Hoyt is notable for his numerous professional roles in academia, government, and the private sector.
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Between 1934 and 1940, Homer Hoyt served as the Chief Land Economist for the Federal Housing Administration, his most notable public service position.
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Homer Hoyt adapted his dissertation work to understand the spatial distribution of property values and mortgage risks.
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Homer Hoyt taught as a visiting professor at MIT and Columbia University.
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Homer Hoyt made a number of theoretical contributions to land economics and urban planning.
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Homer Hoyt's work developed into the sector model, which replaced Ernest Burgess' concentric zone theory as the dominant theory of urban morphology, until it was itself supplanted by the multiple nuclei model.
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Additionally, Homer Hoyt refined the method of economic base analysis, which enabled municipal and state governments to assess potential population growth based on the mix of basic and non-basic employment within their economies.
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Homer Hoyt was an active contributor to the field of real estate appraisal.