Zhenguo (Len) Lin

Interim Robert W. Warren Chair of Real Estate

office:  310-I, McCool Hall
office phone:  662-325-1997
department phone:  662-325-2341
fax number:  662-325-1977

mailing address:   Department of Finance and Economics
P.O.Box 9580
Mississippi State, Mississippi 39762-9580

e-mail:  llin@cobilan.msstate.edu
related web page:  http://business.msstate.edu/finance_and_economics/real%20estate.php
complete vita:  Click here.



Academic History
YearDegreeMajor AreaInstitution
2004Ph.D.Real Estate FinanceUniversity of Wisconsin, Madison
2000Q.M.FQuantitative Mathematical FinanceUniversity of Wisconsin, Madison
1999M.S.Real Estate and Urban EconomicsUniversity of British Columbia, Vancouver, Canada
1989B.S.Management ScienceFudan University, Shanghai, China



Work Experience
YearDescription
July 2010 - PresentInterim Robert W. Warren Chair of Real Estate
August 2009 - PresentAssistant Professor
May 2002 - July 2009Fannie Mae, Washington DC - Sr. Economist (2005-2009); Economist (2002-2005)



Journal Articles
YearDescription
2011Carter, C., Z. Lin, M. Allen and W. Haloupek, “Another Look at Effects of “Adults-Only” Age Restrictions on Housing Prices,” forthcoming, Journal of Real Estate Finance and Economics
2011Cheng, P., Z. Lin and Y. Liu, “Heterogeneous Information and Appraisal Smoothing,” (download) forthcoming, Journal of Real Estate Research
2011Cheng, P., Z. Lin and Y. Liu, “Do Women Pay More for Mortgages?” (download) forthcoming, Journal of Real Estate Finance and Economics
[Featured in the Wall Street Journal Magazine – SmartMoney in the May 2010 issue and National Affairs on November 27, 2009, among others]
2011Cheng, P., Z. Lin and Y. Liu, “Property Delisting, Housing Cycle and Pricing Bias,” (download) forthcoming, Journal of Housing Economics
2010Cheng, P., Z. Lin, and Y. Liu, “Home Price, Time-on-market, and Seller Heterogeneity under Changing Market Conditions,” (download) Journal of Real Estate Finance and Economics, (2010) Vol. 41: 272-293
2010Lin, Z., Y. Liu and V. Yao, “Ownership Restriction and Housing Value: Evidence from American Housing Survey,” (download) Journal of Real Estate Research, (2010) Vol. 32, 201-220
2010Cheng, P., Z. Lin and Y. Liu, “Illiquidity, Transaction Cost, and Optimal Holding Period for Real Estate: Theory and Application,” (download) Journal of Housing Economics, (2010) Vol. 19, 121-130
2010Cheng, P., Z. Lin and Y. Liu, “Illiquidity and Portfolio Risk of Thinly-traded Assets,” (download) Journal of Portfolio Management, (2010) Vol. 36: 126-138
[Featured in Canadian Investment Review – July 2010 ]
2009Gao, A., Z. Lin and F. Na, “Housing Market Dynamics: Evidence of Mean Reversion and Downward Rigidity,” (download) Journal of Housing Economics, Special Issue, (2009) Vol. 18: 256-266
2009Lin, Z., E. Rosenblatt and V. Yao, “Spillover Effects of Foreclosures on Neighborhood Property Values,” (download) Journal of Real Estate Finance and Economics, (2009) Vol. 38: 387-407
[This work was cited by Federal Reserve Chairman Ben S. Bernanke in his speech at the Global Financial Literacy Summit on June 17, 2009 in Washington, DC; cited by U.S. Department of Housing and Urban Development in the “Report to Congress on the Root Causes of the Foreclosure Crisis” (January 2010, page 66); cited by U.S. Department of the Treasury in “FHA’s 203(k) Loan Program” (July 2009, page 3); cited by Federal Reserve System: Truth in Lending; Final Rule (July 2008, page 44542) and Harvard Law School in “Memorandum Addressing the Constitutionality of Federal Legislation Requiring Non-voluntary Amendments to Existing Mortgage Contracts”(page 25), and many others]
2009Lin, Z., Y. Liu and K. Vandell, “Marketing Period Risk in a Portfolio Context: Comment and Extension,” (download) Journal of Real Estate Finance and Economics, (2009) Vol. 38: 183-191
2008Lin, Z. and Y. Liu, “Real Estate Returns and Risk with Heterogeneous Investors,” (download) Real Estate Economics, (2008) Vol. 36, 753-776
[Featured in REIT Magazine – Nov/Dec 2009 ]
2008Cheng, P., Z. Lin and Y. Liu, “A Model of Time-on-Market and Real Estate Price under Sequential Search with Recall,” (download) Real Estate Economics, (2008) Vol. 36, 813-843
2007Bond, S., S. Hwang, Z. Lin and K. Vandell, “Marketing Period Risk in a Portfolio Context: Theory and Empirical Estimates from the UK Commercial Real Estate Market,” (download) Journal of Real Estate Finance and Economics (2007) Vol. 34, 447-461
2007Lin, Z. and K. Vandell, “Illiquidity and Pricing Biases in the Real Estate Market,” (download) Real Estate Economics , (2007) Vol. 35, 291-330
[Featured in REIT Magazine – May/June 2008 ]
2006Shilling, J., K. Vandell, R. Koesman and Z. Lin, “How Tax Credits Have Affected the Rehabilitation of the Boston Office Market,” (download) Journal of Real Estate Research , (2006) Vol. 28, 321-348
[This paper won Journal of Real Estate Research Legacy Award for Best Paper]



Presentations, Proceedings, and Other Publications
YearDescription
2011“Heterogeneous Information and Appraisal Bias,” presented at American Real Estate and Urban Economics Association meetings, Denver Colorado, January 2011
2011“Property Delisting, Housing Cycle and Pricing Bias,” presented at American Real Estate and Urban Economics Association meetings, Denver Colorado, January 2011
2010“Do Women Pay More for Mortgage?” presented at Mid-year American Real Estate and Urban Economics Association meetings, Washington DC, June 2010
2010"The Real Estate Premium Puzzle: a Solution", presented at American Real Estate and Urban Economics Association meetings in Atlanta, January 2010.
2008"Spillover Effects of Foreclosures on Neighborhood Property Values,” invited speaker at INFORMS Annual Meeting, Washington DC, October 2008
2008"Spillover Effects of Foreclosures on Neighborhood Property Values,” presented at Mid-year American Real Estate and Urban Economics Association meetings, Washington DC, May 2008
2008“Housing Market Dynamics: Fundamental Price, Overvaluation, Mean Reversion, and Downward Rigidity,” presented at American Real Estate and Urban Economics Association meetings, New Orleans, January 2008
2008“Ownership Restriction and Housing Value: Evidence from American Housing Survey,” presented at American Real Estate and Urban Economics Association meetings, New Orleans, January 2008



Work in Progress
The Efficiency of the Market for Single-Family Homes: A Critique on Case and Shiller (1989), with Cheng, P. and Liu, Y.
The Real Estate Premium Puzzle: a Solution, with Cheng, P. and Liu, Y.
Portfolio Size and Diversification in Real Estate, with Cheng, P. and Liu, Y.
An Operational Measure of Illiquidity Risk, with Cheng, P. and Liu, Y.
Asset Allocation Puzzle in Real Estate: Fact or Fiction, with Cheng, P., Liu, Y. and Zhang, Y.
Conforming Loan Limit and Jumbo-conforming Spread, with An, Z. and Liu, Y.
Gated Community and Housing Values, with An, Z. and Liu, Y.



Honors
YearDescription
2010Homer Hoyt Post-Doctoral Award
2010Best Paper Award in American Real Estate Society Conference
2010The Mr. and Mrs. P. Chris Grice, Sr. Faculty Award at Mississippi State University
2010Research Excellence Award, College of Business, Mississippi State University
2009Best Paper Award in the Global Chinese Real Estate Congress Conference
2008Best Paper Award at American Real Estate Socieity Annual Meeting
2007Best Paper Award at American Real Estate Socieity Annual Meeting
2006Best Paper for Journal of Real Estate Research Legacy Award



printer friendly version

mobile web site


 updated Mar 3, 2011WebmasterLegal