Center for Real Estate at WSU

header.gif

This website is made possible by

the generous contributions of:

	Home > Center Staff > Dr. Stanley D. Longhofer

Dr. Stanley D. Longhofer
Director, WSU Center for Real Estate
Stephen L. Clark Chair of Real Estate and Finance

Dr. Longhofer is the Stephen L. Clark Chair of Real Estate and Finance in the Barton School of Business at Wichita State University and the founding director of the Center for Real Estate. In this role, Dr. Longhofer authors the Center’s annual Wichita Housing Market Forecast. Prior to coming to Wichita State, Dr. Longhofer spent five years as a financial economist at the Federal Reserve Bank of Cleveland researching problems in mortgage discrimination, financial contracting, and bankruptcy. While there, he also served as a founding member of the Federal Reserve System's Fair Lending Advisory Group, consulting with bank examiners on fair lending issues.

Dr. Longhofer's research has been published in several leading academic journals, including Real Estate Economics, the Journal of Real Estate Finance and Economics, and Financial Management. He is also highly sought after as an expert on real estate markets, regularly being quoted in local and national media outlets.

Stan Longhofer
	Phone: (316) 978-7120

	Fax: (316) 978-3263

	Email: stan.longhofer@wichita.edu

Degrees

	Ph.D., Economics, University of Illinois at Urbana-Champaign, 1995
	M.S., Economics, University of Illinois at Urbana-Champaign, 1991
	B.B.A., Economics, Wichita State University, 1989

Research Interests

	Housing market dynamics
	Mortgage discrimination
	Land use and public policy

Teaching Interests

	Principles of Real Estate
	Real Estate Finance
	Real Estate Investment Analysis
	Urban Land Development
	Corporate Finance

Selected
Publications

	“Land Leverage: Decomposing Home Price Dynamics.” Real Estate Economics, vol. 35, no. 2, Summer 2007, pp. 183-208 (with Raphael Bostic & Chris Redfearn).
	“Self-selection and Discrimination in Credit Markets.” Real Estate Economics, vol. 33, no. 2, Summer 2005, pp. 237-268 (with Stephen Peters).
	“Protection for Whom? Creditor Conflict and Bankruptcy.” American Law and Economic Review, vol. 6, no. 2, 2004, pp. 249-284 (with Stephen Peters).
	“The Paradox of Priority.” Financial Management, vol. 32, no. 1, Spring 2003, pp. 69-81 (with João Santos).
	“Anatomy of a Fair Lending Exam: The Uses and Limitations of Statistics.” Journal of Real Estate Finance and Economics, vol. 24, no. 3, May 2002, pp. 207-237 (with Paul Calem).
	"Regulation in Housing Finance: Bringing Theory to Policy." Journal of Real Estate Finance and Economics, vol. 23, no. 3, forthcoming.
	"The Importance of Bank Seniority for Relationship Lending." Journal of Financial Intermediation, vol. 9, no. 1, January 2000, pp. 57-89 (with João A.C. Santos).
	"Absolute Priority Rule Violations, Credit Rationing, and Efficiency." Journal of Financial Intermediation, vol. 6, no. 3, July 1997, pp. 249-267.
	"Housing-Finance Intervention and Private Incentives: Helping Minorities and the Poor." Journal of Money, Credit and Banking, vol. 27, no. 3, August 1994 Part 2, pp. 634-674, (with Charles W. Calomiris and Charles M. Kahn).
	"Why is Mortgage Discrimination Illegal? A Fresh Look at the Mortgage Discrimination Debate." Regulation, Cato Institute, vol. 22, no. 4, 1999, pp. 28-36 (with Stephen R. Peters).
	"PMI Reform: Good Intentions Gone Awry." Economic Commentary, Federal Reserve Bank of Cleveland, March 15th, 1997.
	"Cultural Affinity and Mortgage Discrimination." Economic Review, Federal Reserve Bank of Cleveland, 3rd Quarter 1996, pp. 12-24.