Zhenguo (Len) Lin
Assistant Professor of Real Estate

office:  310-G, 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
2009-PresentMississippi State University - Assistant Professor of Real Estate
2002-2009Fannie Mae, Washington DC - Sr. Economist (2005-2009); Economist (2002-2005)



Journal Articles
YearDescription
2009Cheng, P., Z. Lin and Y. Liu, “Do Women Pay More for Mortgages?” (download) forthcoming, Journal of Real Estate Finance and Economics
2009Cheng, P., Z. Lin, and Y. Liu, “Home Price, Time-on-market, and Seller Heterogeneity under Changing Market Conditions,” (download) forthcoming, Journal of Real Estate Finance and Economics.
2009Lin, Z., Y. Liu and V. Yao, “Ownership Restriction and Housing Value: Evidence from American Housing Survey,” (download) forthcoming, Journal of Real Estate Research
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
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
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
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
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



Presentations, Proceedings, and Other Publications
YearDescription
2010"The Real Estate Premium Puzzle: a Solution", to be 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.
Property Delisting, Market Cycle and Housing Price Bias, with Cheng, P. and Liu, Y.
The Real Estate Premium Puzzle: a Solution, with Cheng, P. and Liu, Y.
Heterogeneous Information and Appraisal Bias, with Cheng, P. and Liu, Y.
Illiquidity, Transaction Cost, and Optimal Holding Period for Real Estate: Theory and Application, 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.
Another Look at Effects of “Adults-Only” Age Restrictions on Housing Prices, with Carter, C., Allen, M. and Haloupek, W.



Professional Activities
YearDescription
2009Referee for Real Estate Economics, Journal of Real Estate Finance and Economics, Journal of Real Estate Research and Journal of Real Estate Portfolio Management
2008Referee for Real Estate Economics and Journal of Real Estate Finance and Economics



Honors
YearDescription
2009Homer Hoyt Post-Doctoral Award in 2010
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 versionBack to the COBI Faculty List

 updated Feb 3, 2010WebmasterLegal