Faculty & Research

Faculty and Executive Leadership Directory

Nancy E. Wallace

Lisle and Roslyn Payne Chair in Real Estate Capital Markets
Professor and Chair of the Real Estate Group
Co-Chair, Fisher Center for Real Estate and Urban Economics
Haas Real Estate Group
Email: click on the envelope icon below for full email address
Academic Status: On duty
Office Hours: Tuesdays 2-3:30 p.m., F626
Curriculum Vitae (in PDF format, Acrobat Reader required)


PhD, Urban and Regional Planning, The University of Michigan
License, Maitrisse, The University of Paris VIII, Institute of Urbanism
BA, Political Science, The University of Michigan

Positions Held

At Haas since 1986
2001 – present, Co-Chair, Fisher Center for Real Estate and Urban Economics
2000 – present, Professor of Real Estate, Haas School of Business
1993 – 2000, Associate Professor in Real Estate, Haas School of Business
1986 – 1993, Assistant Professor in Real Estate, Haas School of Business
Spring 1997, Visiting Associate Professor in Finance, Graduate School of Business, Stanford University

External Service and Assignments

  • The Federal Reserve System, Model Validation Council, (6/2013 – present)
  • Financial Research Advisory Committee, Office of Financial Research, U.S. Treasury, (2012 –present)
  • Committee on Academic Planning and Resource Allocation, CAPRA (2012 – 2013; Co-Chair 2013 – 2014)
  • University of California Office of the President, Task Force on Investments and Retirement, At-large member. (2013 – 2014).
  • Board of Directors and past president, American Real Estate and Urban Economics Association
  • Visiting Scholar: San Francisco Federal Reserve Bank, Stanford Graduate School of Business, Stockholm School of Economics
  • Editorial Board: Journal of Computational Finance, Journal of Real Estate Research

Current Research and Interests

  • Housing price indices and models to monitor residential real estate price movements over the business cycle.
  • Mortgage prepayment and pricing models, mortgage contract design, and the market microstructure of mortgage backed security trading.
  • Option pricing models for pricing commercial and retail real estate leases for use in the commercial mortgage backed securities markets.
  • Executive stock option valuation.

Selected Papers and Publications


  • Real Estate Finance, E283
  • Real Estate Investment Analysis, MBA280
  • Real Estate Strategy, MBA284
  • Real Estate Investment Analysis and Urban Economics, MBA180
  • Asset-backed Securization, MFE230M

Honors and Awards

  • Earl F. Cheit Outstanding Teaching Award, Haas School, 2002, 2005
  • Bloom Award, American Real Estate and Urban Economics, 2010

Faculty Directory: Alphabetical Listing
Faculty Directory: Listing by Department

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