Homer Hoyt was an influential American economist and urban planner, best known for his work in the field of urban land economics. He developed the Hoyt Model, a theory of urban land use that illustrates how cities expand outward in sectors rather than concentric circles. This model helped to explain the spatial organization of cities and the distribution of different land uses. Hoyt's contributions extended beyond urban planning; he also played a significant role in the development of real estate economics. His research emphasized the importance of location and accessibility in determining property values, influencing both urban policy and real estate practices.