CURRICULUM VITAE
LYNN M. FISHER
Department of Urban Studies and Planning
Center for Real Estate
Massachusetts Institute of Technology
Building W31-310, 77 Massachusetts Avenue
Cambridge, Massachusetts 02139
Tel: (617) 252-1685
Email: lfisher@mit.edu
PROFESSIONAL POSITIONS
- Department of Urban Studies and Planning, and Center for Real Estate, Massachusetts Institute of Technology, Cambridge, MA
- Associate Professor of Real Estate, as of July 2008
- Assistant Professor of Real Estate, July 2003 to July 2008
- Ford Development Chair, August 2007 to present
- Director, Housing Affordability Initiative, November 2007 to present
Courses:- 11.963/4.293 Real Estate Development I (MSRED core course)
- 11.346 Housing Markets (half-semester)
- 11.340/15.658 Legal Issues in the Development Process (half-semester)
- 11.347 Topics in Housing Finance (half-semester)
- 11.947 Symposium in Housing Economics & Finance
- 11.303 Real Estate Development
- 11.433 Real Estate Economics
- Department of Finance, Insurance and Real Estate, Washington State University, Pullman, WA Assistant Professor of Real Estate, August 2002 to May 2003
- Department of Insurance and Real Estate, The Pennsylvania State University, State College, PA
- Research Assistant for Austin Jaffe, Ken Lusht, Abdullah Yavas, 1997-2002 Teaching Assistant, 1999-2002
EDUCATION
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The Pennsylvania State University, University Park, PA
- Ph.D. in Business Administration, Real Estate Finance, 2002 Dissertation: "Financial Contracting in Real Estate"
- M.S. in Business Administration, Real Estate, 2001 Thesis: "Economic Growth, Institutions and Real Property"
- B.A. in International Politics, University Scholar, 1992 Minors: Russian Language and Soviet Area Studies
REFEREED PUBLICATIONS
- "The Value of Equitable Redemption in Commercial Mortgage Contracting," (with A. Yavas)
Journal of Real Estate Finance and Economics 35: 4 (2007). - "Renegotiation in the Common Law Mortgage and the Impact of Equitable Redemption,"
Journal of Real Estate Finance and Economics 32: 1 (2006), 61-82. - "The Wealth Effects of Sale and Leasebacks: New Evidence,"
Real Estate Economics 32: 4 (2004), 619-643. - "Tenure Choice and Labor Market Outcomes" (with N.E. Coulson),
Housing Studies, 17 (2002), 35-49. - "Restitution in Transition Countries" (with A. Jaffe),
Journal of Housing and the Built Environment, 15 (2000), 233-248.
UNDER REVIEW
- "Housing Tenure and Labor Market Impacts: The Search Goes On" (with N.E. Coulson), under review at Journal of Urban Economics.
- "Amenity-Based Housing Affordability Indexes" (with H. Pollakowski and J. Zabel), under review at Real Estate Economics.
- "Real Estate Brokerage: The Impact of a ‘Race’ on Incentive Compatible Commission Contracts" (with A. Yavas), under review at the Journal of Real Estate Finance and Economics.
WORKING PAPERS
- "The Selection of Developer Permit Applications for Litigation: Asymmetric Information and Entitlements."
- "Residential Mortgage Prepayment: The Evolution of the Borrower's Right to Prepay in the U.S." "Economics of the Mortgage and Mortgage Institutions: Differences between Civil Law and Common Law Approaches" (with R. VanOrder).
OTHER PUBLICATIONS
- "Review of A Primer on U.S. Housing Markets and Housing Policy by Richard K. Green and Stephen Malpezzi," Journal of Housing Economics 14 (2005), 57–59.
- "Some Stylized Facts about Home Ownership Around the World" (with A. Jaffe), Proceedings of CIB-W69: Housing Sociology Conference, October, 2003.
- "Determinants of International Home Ownership Rates" (with A. Jaffe), Housing Finance International 18 (September 2003), 34-42.
- "Quality of Life in U.S. Cities: A New Ranking" (with K. Lusht and Z. Wu), PREA Quarterly, (Winter 1999), 22-26.
PROFESSIONAL PRESENTATIONS
- "The Selection of Developer Permit Applications for Litigation: Asymmetric Information and Entitlements," AREUEA Annual Meetings, New Orleans, LA, January 2008.
- "The Selection of Developer Permit Applications for Litigation: Asymmetric Information and Entitlements," Lusk Center Research Seminar, University of Southern California, November 2007.
- "Residential Mortgage Prepayment: The Evolution of the Borrower's Right to Prepay in the U.S.," Board of Governors of the Federal Reserve System, Washington D.C., September 2007.
- "Housing Tenure and Labor Market Impacts: The Search Goes On" (with N.E. Coulson), AREUEA International Meetings, Macua, China, July 2007.
- "Economics of the Mortgage and Mortgage Institutions: Differences between Civil Law and Common Law Approaches" (with R. VanOrder), AREUEA Annual Meeting, Chicago, IL, January 2007.
- "Amenity-Based Housing Affordability Indexes" (with H. Pollakowski and J. Zabel), AREUEA International Meetings, Vancouver, Canada, July 2006.
- "Amenity-Based Housing Affordability Indexes" (with H. Pollakowski and J. Zabel), AREUEA Mid-Year Meetings, Washington, D.C., May 2006.
- "Density Bonuses and the Behavior of Zoning Boards and Developers with Private Information," Weimer School Post-Doctoral Scholars - Research Presentations, May 21, 2006.
- "Town and Developer Behavior with Private Information: Override Zoning Permitting in Massachusetts under Chapter 40B," CRE Urban Economics and Real Estate Finance Seminar, April 25, 2006.
- "Residential Mortgage Prepayment: The Evolution of the Borrower's Right to Prepay in the U.S.," AREUEA Annual Meeting, Boston, Massachusetts, January 2006.
- "Job Accessibility-Based Housing Affordability Indexes" (with H. Pollakowski), Boston Federal Reserve, October 6, 2005
- "Financial Contracting and Land Assembly," AREUEA International Conference, Los Cabos, Mexico, August 2005.
- "The Value of Equitable Redemption in Commercial Mortgage Contracting" (with A. Yavas), Centre for Real Estate Research, Third Annual Research Symposium, University College Dublin, March 2005.
- "The Value of Equitable Redemption in Commercial Mortgage Contracting" (with A. Yavas), AREUEA Annual Meeting, Philadelphia, Pennsylvania, January 2005.
- "Property Rights in Eastern Europe" (with A. Kim), AREUEA International Conference, Fredericton, New Brunswick, Canada, August 2004.
- "Economics of Equitable Redemption," The 5th Cambridge-Maastricht Real Estate Finance and Investment Symposium, June 2004.
- "Real Estate Brokerage: The Impact of a Race on Incentive Compatible Commission Contracts" (with A. Yavas), 2004 Weimer School of Advanced Studies in Real Estate and Land Economics, West Palm Beach, Florida, January 2004.
- "Some Stylized Facts about Home Ownership Around the World" (with A. Jaffe), Housing Sociology Conference in Budapest, Hungary, October 2003.
- "Institutional Determinants of Mortgage Markets" (with A. Jaffe), American Real Estate and Urban Economics International meetings, Cracow, Poland, June 2003.
- "Real Estate Brokerage: The Impact of a Race on Incentive Compatible Commission Contracts" (with A. Yavas), American Real Estate and Urban Economics International meetings, Cracow, Poland, June 2003.
- "Real Estate Brokerage: The Impact of a Race on Incentive Compatible Commission Contracts" (with A.Yavas), European Real Estate Society Conference, Helsinki, Finland, June 2003.
- "Aggregate Homeownership and Individual Labor Market Outcomes: More Evidence on the Oswald Hypothesis" (with N.E. Coulson and D. Laing), AREUEA Meeting, Washington D.C., January 2003.
- "Determinants of International Homeownership Rates" (with A. Jaffe), AREUEA International Conference, Seoul, Korea, July 2002.
- "The Governance of Mortgages," ARES Annual Meeting, Naples, FL, April 2002.
- "Financial Contracting in Real Estate," ARES Doctoral Seminar, Naples, FL, April 2002.
- "The Wealth Effects of Sale and Leaseback Transactions: A New Look," AREUEA Meeting, Atlanta, GA, January 2002.
- "Explaining Economic Growth in Eastern Europe" (with A. Jaffe), ERES International Conference, Alicante, Spain, June 2001.
- "Tenure Choice and Labor Market Outcomes" (with N.E. Coulson), Opportunity, Deprivation, and the Housing Nexus: Trans-Atlantic Perspectives, Washington D.C., May 2001.
- "Determinants of International Homeownership Rates" (with A. Jaffe), AREUEA International Conference, Cancun, Mexico, May 2001.
- "Do Institutions Matter for Economic Growth and Investment?" (with A. Jaffe), Association of Private Enterprise Education Meeting, Las Vegas, NV, April 2000.
- "Restitution in Transition Countries" (with A. Jaffe), ENHR European Housing and Urban Policies Conference, Balatonfüred, Hungary, August 1999.
- "Poverty and Real Assets: A Survey," World Bank, Washington, D.C., August 1999.
RESEARCH GRANTS
- Real Estate Research Institute, 2006 Research Grant recipient (with B.A. Ciochetti)
PROFESSIONAL SERVICE
- Editorial Board Member:
- Journal of Real Estate Finance and Economics
- Referee:
- Real Estate Economics
- Journal of Real Estate Finance and Economics
- Journal of Housing Economics
- Regional Science and Urban Economics
- European Financial Management
- Conference Participation:
- 2001 AREUEA International Conference, Cancun, Mexico, May 2001, discussant.
- 2003 AREUEA Annual Meeting, Washington, D.C., January 2003, discussant.
- 2004 AREUEA International Conference, Fredericton, Canada, August 2004, session chair, discussant.
- 2005 AREUEA Annual Meeting, Philadelphia, PA, January 2005, discussant.
- 2005 AREUEA International Conference, Los Cabos, Mexico, August 2005, organization committee, session chair, discussant
- 2006 AREUEA Annual Meeting, Boston, MA, January 2006, session chair, discussant
- 2006 AREUEA International Conference, Vancouver, Canada, July 2006, discussant
- 2007 AREUEA Annual Meeting, Chicago, IL, January 2007, discussant
UNIVERSITY SERVICE
- DUSP Head Search Committee, November 2006 to present
- Urban Technologies and Information Systems Faculty and Research Scientist Search Committee, November 2005 — April 2006
- CRE Housing Affordability Initiative, September 2004 to present
- DUSP PhD Committee, September 2004 to present.
- CRE Curriculum Committee, October 2003 to present.
- MSRED Thesis Advisor, September 2003 to present.
- Eastman Chair Search Committee, 2004.
- Faculty Advisor to the Real Estate Club, Washington State University, Fall 2002 to Spring 2003.
OTHER ACTIVITES
- The Third Annual Planning Symposium, sponsored by the planning programs of Harvard, MIT, and Tufts, along with the Massachusetts Chapter of the American Planning Association, presenter, September 2007.
- Third Annual Housing Affordability Conference, MIT CRE, May 2007, presenter and joint organizer (with Henry Pollakowski).
- Second Annual Housing Affordability Conference, MIT CRE, May 2006, presenter and joint organizer (with Henry Pollakowski).
- First Annual Housing Affordability Conference, MIT CRE, May 2005, presenter and joint organizer (with Henry Pollakowski).
- "Housing: A Solution to a Growing Economy," featured speaker at seminar by New England Women in Real Estate , November 2006.
- "Taking Stock of Affordable Housing", HCED luncheon seminar, September 2006.
- "Housing Affordability versus Affordable Housing," Professional Development Course, CRE, July 25-26, 2005, instructor.
- "Consumer Protection and Home Buying: The Business Behind the Business", hosted by Massachusetts Association of Buyers Agents, Boston, MA, June 2, 2005, panelist.
HONORS AND AWARDS
- Ford Career Development Chair, 2007.
- Asian Real Estate Society and RICS Foundation Best Paper Award, 2006.
- Post-doctoral award, Weimer School of Advanced Studies in Real Estate and Land Economics, 2006.
- Summer Research Grant (with A. Jaffe), The Pennsylvania State University, Summer 2001.
- Selected Paper (with N.E. Coulson), Urban Institute Paper Competition, 2001.
- Philip H. Sieg Fellowship, The Pennsylvania State University, 1999.
- American Society of Real Estate Counselors Scholarship, 1997.