Utah’s University plan to master for real estate

The state Board of Regents approved the change on Friday. The approval of the real estate development program will allow the school to begin marketing the degree and enrolling students. University of Utah will soon begin offering a master's degree in real estate development. When the state's construction business picks back up again, the school plans to help meet an expected demand for those who understand private and commercial real estate development.
"If you look to the past, one of the main drivers of Utah's economy has been the construction industry," said Scott Schaefer, associate dean for academic affairs at the university's David Eccles School of Business. The Ivory-Boyer Real Estate Center opened two years ago at the university. It's biggest venture has been the Utah Real Estate Challenge, a statewide collegiate competition that offers a $20,000 prize for teams that develop new development strategies.Schaefer, also an economist, said Utah's recession is "just a speed bump."