My research sits at the intersection of real estate and urban economics, examining how zoning laws, housing assistance programs, and other local policies shape housing supply and affordability. Using large-scale data and empirical and structural methods, I quantify the impacts of housing supply constraints and government programs on housing market outcomes.
MBAX 6630 - Real Estate Economics
Primary Instructor
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Fall 2022 / Fall 2023 / Fall 2024 / Fall 2025
Examines real estate market operations and discusses alternative methodologies for estimating real estate values. Examines various theories of land price determination and uses these models to understand how the private market allocates land to competing residential, office, retail, industrial/warehouse, hotel, and other end users. Examines how factors influencing the demand for real estate interact with the supply of real estate to determine market rents and how the flow of future expected income is capitalized to yield the market price of the asset.
REAL 4400 - Real Estate Economics
Primary Instructor
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Fall 2022 / Fall 2023 / Fall 2024 / Fall 2025
The first half of the course is about urban economics. It covers the fundamental principles of market analysis, urban economics, and the reasons why households and firms chose to locate in cities. The second half of the course is about real estate markets. We extend our analysis of cities to the built environment itself, and to the operation residential and commercial real estate markets. The course also examines alternative techniques for estimating real property value.
