Stephen Malpezzi

University of Wisconsin - Madison
Professor of Real Estate and Urban Land Economics


Stephen Malpezzi is a professor in the Department of Real Estate in the Wisconsin School of Business. Professor Malpezzi is a past Academic Director of the Graaskamp Center and has also served as Chair of the Real Estate Department. He is an Associate Member of the Department of Urban and Regional Planning, an Affiliate of UW's Institute for Research on Poverty and a Faculty Affiliate of the La Follette School of Public Affairs.

Prior to coming to the University of Wisconsin, Professor Malpezzi was an economist in the Infrastructure and Urban Development Department of the World Bank, and was a Research Associate at The Urban Institute. He has extensive experience advising both developed and developing countries on the establishment of effective housing and urban development policies. His active research agenda includes housing policy and programs, and housing market behavior, both domestic and foreign. Professor Malpezzi's teaching specializations include urban economics and real estate economics. He has, in the past, taught housing economics, public finance, real estate finance and investments, international real estate, macroeconomics, computer methods, and the survey course “The Real Estate Process.”

Malpezzi is also an associate member of the UW-Madison Department of Urban and Regional Planning, a faculty affiliate of the LaFollette School of Public Affairs, a member of UW's Development Studies faculty, an affiliate of UW's Institute for Research on Poverty, a faculty member of the Weimer School of the Homer Hoyt Institute, and an associate of the Lincoln Institute of Land Policy. He's an active member of UW's working group on World Affairs and the Global Economy. Other memberships include the American Economic Association, the American Real Estate Society, the Regional Science Association, and the European Network for Housing Research. He is a Distinguished Scholar of the National Association of Industrial and Office Properties, a member of the Columbia University Center for Homelessness Prevention Studies, and Associate Member of the University of St Andrew’s Centre for Housing Research.

Professor Malpezzi has worked in a number of countries, including Egypt, Ghana, India, Indonesia, Jamaica, Kenya, Korea, Malaysia, Mexico and the United Kingdom. He formerly served on Governor Tommy Thompson's Blue Ribbon Commission on State and Local Partnerships (the "Kettl Commission"). He has served multiple terms as a director and/or officer (including President) of the American Real Estate and Urban Economics Association.

Professor Malpezzi holds a Ph.D. in economics from The George Washington University, an M.A. in international affairs from the same university, and a B.A. in political science from LaSalle College.

Current Research

Professor Malpezzi is currently completing the second edition of the monograph A Primer on U.S. Housing Markets and Policy (with Paul Carrillo and Richard Green. He is undertaking a study of the determinants of Chinese housing prices with UW PhD student Lingxiao Li, and is modeling U.S. housing prices with Yongping Liang.

Click here to check out the first edition of A Primer on U.S. Housing Markets and Policy, written with Richard Green,  published by the Urban Institute Press for the American Real Estate and Urban Economics Association.   Click here to see an outline, some of the data and tables (including more detailed tables than those available in the text!) as well as cool PowerPoint figures.

Stephen Malpezzi

Stephen Malpezzi
5262C Grainger Hall
975 University Avenue
Madison, WI 53706
(608) 262-6007

Professor, Department of Urban and Regional Planning, Wisconsin School of Business; Affiliate Faculty, Institute for Research on Poverty; Member, Development Studies Faculty; Ph.D., George Washington University