Dr. Stanley D. Longhofer

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

Dr. Stan 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 variety 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.

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. 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 received the Citizen of the Year award in 2019 from the Realtors of South Central Kansas, and in 2021 the Kansas CCIM Chapter honored him with their prestigious Lifetime Achievement Award.


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
Real Estate Markets
Housing Market Dynamics
Land Valuation
Teaching Interests

Principles of Real Estate
Mortgages and Mortgage Markets
Real Estate Investment Analysis
Real Estate Valuation

Phone: (316) 978-7163

Email: email hidden; JavaScript is required

Complete curriculum vitae (2209 downloads )

Dr. Longhofer's professional bio (2678 downloads )

Hi-resolution photo of Dr. Longhofer (jpg format) (1164 downloads )

Selected Research

How “Fixed” are Fixed Effects? A Novel Approach to Measuring the Value of Location

Authors: Stanley D. Longhofer and Christian L. Redfearn
Current draft: December 2022

Estimating Land Values using Residential Sales Data

Authors: Stanley D. Longhofer and Christian L. Redfearn
Journal of Housing Economics, Vol. 58, Part A, December 2022

Land Values and External Obsolescence

Author: Stanley D. Longhofer
The Appraisal Journal, Spring 2021, vol. 89, no. 2, pp. 95-103.

Less Than Nothing: Land Value Taxation when Land Values are Negative

Author: Stanley D. Longhofer
Current draft: March 2012

The Housing Wealth Effect: The Crucial Roles of Demographics, Wealth Distribution and Wealth Shares

Authors: Charles W. Calomiris, Stanley D. Longhofer, and William Miles
Critical Finance Review, vol. 2, no. 1, July 2013, pp. 49-93

The Foreclosure-House Price Nexus: A Panel VAR Model for U.S. States, 1981-2009

Authors: Charles W. Calomiris, Stanley D. Longhofer, and William Miles
Real Estate Economics, vol. 41, no. 4, Winter 2013, pp. 709-746