Stephen Malpezzi

Click here to check out A Primer on U.S. Housing Markets and Policy, written with Richard Green, and just published by the Urban Institute Press for the American Real Estate and Urban Economics Association.

Here you can find the course websites for the last time I taught Real Estate 306, The Real Estate Process, or Real Estate 420, Urban Economics.  I use Jim Shilling's excellent Real Estate Economics for 306, and Arthur O'Sullivan's Urban Economics for 420.  Other instructors of similar courses are welcome to use my PowerPoint, with attribution.  Even better, I'm always happy to swap course materials.

Click here to download a traditional academic resume (in Word).

Prior to coming to the University of Wisconsin, Professor Malpezzi was an economist in the Infrastructure and Urban Development Department of the World Bank, and was a Research Associate at The Urban Institute. He has had extensive experience overseas advising developing countries on the establishment of effective housing and urban development policies. His active research agenda includes housing policy and programs, housing market behavior, both domestic and foreign. Professor Malpezzi's teaching specialization includes urban land economics, housing, public finance. In addition, he teaches courses in computer methods and the survey course in the Real Estate Process.

Currently President, and recently a director, of the American Real Estate and Urban Economics Association, Malpezzi is also a fellow of the University of Wisconsin-Madison Center for Real Estate, an Associate Member of the UW-Madison Department of Urban and Regional Planning, a member of UW's Development Studies faculty, an affiliate of UW's Institute for Research on Poverty, a faculty member of the Weimer School of the Homer Hoyt Institute, and an associate of the Lincoln Institute of Land Policy. He's an active member of UW's working group on World Affairs and the Global Economy. In addition to the United States, Professor Malpezzi has worked in a number of countries, including Egypt, Ghana, India, Indonesia, Jamaica, Kenya, Korea, Malaysia, Mexico and the United Kingdom. He is currently serving on Governor Tommy Thompson's Blue Ribbon Commission on State and Local Partnerships.

Current Research

Professor Malpezzi recently completed the monograph A Primer on U.S. Housing Markets and Policy (with Richard Green) mentioned above. The team of Malpezzi and Green is also undertaking a study of Urban Regulation and the Supply of Residential Land and Real Estate, under the aegis of the Lincoln Institute of Land Policy. Professors Malpezzi and Shilling are undertaking research on the location of real estate investment by real estate investment trusts and private institutional investors. Malpezzi and Kerry Vandell are completing a study of the effects of the Section 42 Low Income Housing Tax Credit on the supply of housing. With recent U.W. Ph.D. Yeuh-Chuan Kung, Professor Malpezzi is studying the determinants of central-city suburban differences in the price of housing and of population deconcentration. He is also undertaking a cross-country study of the relationship between urbanization and economic development.

Go here to see a list of recent Selected Publications

Visit Malpezzi's special page on Housing, Real Estate, and Urban Development Indicators. This page, currently under construction, contains some papers and data on Indicators and related topics. It includes new measures of "sprawl" by Malpezzi and Wen-Kai Guo. It's also where you can find a review of the late Steve Mayo's contributions to housing and urban economics.

Check out our preview of A Primer on U.S. Housing Markets and Policy, which Malpezzi has written with Professor Green, and which has recently been published by the American Real Estate and Urban Economics Association. This page contains an outline,  some of the data and tables (including more detailed tables than those available in the text!) as well as cool PowerPoint figures.

From time to time, Malpezzi teaches a two-day Executive Education course in "Excel and Real Estate: Intermediate and Advanced Spreadsheet Applications."