Dr. Stanley D. Longhofer

Professor and Stephen L. Clark Chair of Real Estate and Finance
Director, WSU Center for Real Estate

Stanley D. Longhofer holds the Stephen L. Clark Chair of Real Estate and Finance in the Barton School of Business at Wichita State University and is the founding director of the Center for Real Estate.  In this role, Dr. Longhofer provides research services and educational programs to real estate professionals throughout the region, and is the author of the Center’s annual Kansas Housing Markets Forecast.His insights regarding real estate market conditions are widely quoted in local and national media outlets, including the Economist, Forbes, USA Today, and the Christian Science Monitor, and he has been featured as an op-ed columnist in the Washington Post and the Wall Street Journal’s online edition.Dr. Longhofer’s research has been published in a number of leading academic journals.  In addition, he has written numerous popular articles on real estate and financial markets that have appeared in publications such as Investor’s Business Daily, the Cato Institute’s Regulation magazine, and Commercial Investment Real Estate.Prior to coming to Wichita State, Dr. Longhofer was a financial economist with 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 and developing statistical techniques to uncover mortgage discrimination.Dr. Longhofer earned his M.S. and Ph.D. degrees in economics from the University of Illinois, and holds a B.B.A. from Wichita State.

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 Valuation
Teaching Interests Principles of Real estate
Real Estate Finance
Real Estate Investment Analysis
Urban Land Development
Selected Publications “The Foreclosure-House Price Nexus: A Panel VAR Model for U.S. States, 1981-2009.” Real Estate Economics, vol. 41, no. 4, Winter 2013, pp. 709-746 (with Charles Calomiris and William Miles).
“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).
“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).
“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).


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Complete curriculum vitae (273 downloads)
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