Thursday, July 29, 2021


2020 National Conference

The AREUEA National Conference invites paper submissions on all facets of real estate related research including housing, urban economics, commercial real estate investment, finance, and the securitization of real estate assets and liabilities, and more. The goal of the meeting is to provide participation opportunities to a broad range of affiliated disciplines where AREUEA members can present their research in a rigorous and engaging scholarly environment.

The conference is held in Washington DC over a two day period typically at the end of the Memorial Day week. The sessions are informative and ample time is provided to allow for discussion among the presenters and session participants. Policy makers, academics, and real estate practitioners have all come to rely on the leading research and vigorous discussions that are a tradition of this conference.

For information about previous National conferences, please see the conference archive section.

General Conference Information

The 48th annual National Conference will be held virtually May 28 & 29, 2020.

The conference will include 16 submitted research papers in 4 sessions. It will also feature Steve Malpezzi’s Quigley Medal lecture, an industry panel on the impact of COVID-19 on the housing and mortgage markets, and a WREN panel on Demystifying the Journal Publication Process, followed by a WREN networking event.

For more information, contact our National Conference Committee:
Karen Pence

Research and Statistics

Federal Reserve Board of Governors

Phone: (202) 452-2342

Mike Eriksen

Lindner College of Business

University of Cincinnati

Phone: (513) 556-5156

Lauren Lambie-Hanson

Consumer Finance Institute

Federal Reserve Bank of Philadelphia

Phone: (215) 574-6025

The 2020 National Conference Committee

Arthur Acolin
University of Washington
Xudong An
Federal Reserve Bank of Philadelphia
Alina Arefeva
University of Wisconsin, Madison
Jaclene Begley
Fannie Mae
Sheharyar Bokhari
Ron Cheung
Jorge de la Roca
University of Southern California
John Krainer
Federal Reserve Board
Sam Kruger
University of Texas, Austin
Jing Li
Singapore Management University
Tom Mayock
University of North Carolina, Charlotte
Anthony Murphy
Federal Reserve Bank of Dallas
Kevin Park
U.S. Dept. of Housing and Urban Development
McKay Price
Lehigh University
Amanda Ross
University of Alabama
Jessica Shui
Federal Housing Finance Agency
Ruchi Singh
University of Georgia
Tyler Wiggers
Federal Reserve Board
Weihua Zhao
University of Louisville

Conference Announcements

Program and Session Schedule

All sessions will be held virually.

We are pleased to present the program schedule for the upcoming National Conference.

Conference Schedule

May 28

    Links to Slide Decks
11:30-11:35 Welcome and Logistics  
11:35-1:15 Commercial Real Estate (4-Paper Session) Paper 1 Paper 2 Paper 3 Paper 4
1:30-2:15 Quigley Medal Lecture (Steve Malpezzi) Keynote Presentation
2:35-4:15 Urban Economics (4-Paper Session) Paper 1 Paper 2 Paper 3 Paper 4
4:30-5:15 WREN Panel "Demystifying the Journal Publication Process"  
5:15-6:00 WREN Networking Event  

May 29

10:00-11:40 Household Finance (4-Paper Session) Paper 1 Paper 2 Paper 3 Paper 4
12:00-1:40 Housing (4-Paper Session) Paper 1 Paper 2 Paper 3 Paper 4
1:40-3:00 Industry Panel on Housing and Mortgage Markets Topics Slide

Featured Quigley Recipient Keynote

Steve Malpezzi
Emeritus Professor, University of Wisconsin-Madison

Global Perspectives on Real Estate and Urban Development in a Time of Stress

Stephen Malpezzi is Emeritus Professor in the James A. Graaskamp Center for Real Estate at the University of Wisconsin-Madison; a Research Affiliate at Rutgers’ Center for Real Estate; and Dean of the School of Advanced Real Estate Studies at the Homer Hoyt Institute. Malpezzi’s earlier research on urban development was undertaken at the World Bank, and at the Urban Institute. He holds a B.A. in Political Science from La Salle University, an M.A. in International Affairs from The George Washington University, and a Ph.D. in Economics, also from GWU. Professor Malpezzi has served as President of the American Real Estate and Urban Economics Association; AREUEA has recently honored him with the John Quigley Medal for “Advancing Real Estate and Urban Economics.” Malpezzi's research includes work on economic development, the measurement and determinants of real estate prices, and the effects of regulation and other economic policies on real estate markets. He has advised numerous governments and private sector organizations on urban policies, in countries as diverse as Canada, China, Egypt, Ghana, India, Indonesia, Jamaica, Kenya, Korea, Mexico, Nigeria, Sweden and the United Kingdom, as well as within the U.S.

Professor Malpezzi is an active blogger at:

Meet the Industry Panelists

Mortgage Markets and COVID-19: What Have We Learned?

Andrew Davidson
President, Andrew Davidson & Co.

Andrew Davidson is a financial innovator and leader in the development of financial research and analytics. He has worked extensively on mortgage-backed securities product development, valuation and hedging. He is president of Andrew Davidson & Co., Inc., a New York firm specializing in the application of analytical tools to investment management, which he founded in 1992.

Andrew was instrumental in the creation of the Freddie Mac and Fannie Mae risk-sharing transactions: STACR and CAS. These transactions allow Freddie Mac and Fannie Mae to attract private capital to bear credit risk, even as they remain in government conservatorship. Andrew is also active in other dimensions of GSE reform and has testified before the Senate Banking Committee on multiple occasions. Andrew also helped establish the Structured Finance Industry Group and served on the Executive Committee at its inception. He was also the founding co-host with IMN of the Credit-Risk Transfer Symposium.

He is co-author of the books Mortgage Valuation Models: Embedded Options, Risk and Uncertainty; Securitization: Structuring and Investment Analysis; and Mortgage-Backed Securities: Investment Analysis and Valuation Techniques. He has contributed to The Handbook of Mortgage-Backed Securities and other publications. He received an MBA in Finance at the University of Chicago and a BA in Mathematics and Physics at Harvard.

Tanya Rakpraja
Managing Director, Annaly Capital Management

Tanya Rakpraja has nearly 20 years of experience working in finance, economic development and public policy.  Prior to joining Annaly in 2018, Ms. Rakpraja served as Senior Director of Strategic Lending Initiatives at Capital Impact Partners, a national Community Development Financial Institution which lends in low- to moderate-income communities across the US. Prior to that, Ms. Rakpraja was at the Federal Reserve Bank of New York for six years where she helped manage the agency MBS quantitative easing purchase program and design the agency debt purchase program and the Term Asset-Backed Securities Loan Facility. Ms. Rakpraja received a B.A from Brown University and a M.P.A from the Woodrow Wilson School at Princeton University.

Eric Selk
Executive Director, Hope Now

Eric Selk is the Executive Director for Hope Now and the Hope Now Foundation which is an independent 501(c)3 organization. Prior to joining Hope Now in 2007, Eric was a college professor in the Midwest.

Eric leads various efforts with Hope Now’s membership to improve outcomes for distressed borrowers, including through new policies and procedures or enhanced business partnerships. Hope Now has worked collaboratively with the U.S. Treasury, Federal Reserve Banks, FDIC, Fannie Mae, Freddie Mac, U.S. Department of Housing and Urban Development, specialty servicing companies, mortgage insurance companies, FEMA, HUD intermediaries and literally hundreds of local non-profits. Eric believes in a servant leadership model and applies it to his professional and private life. He is a proud homeowner, amateur handyman and gardener.

Ted Tozer
Senior Fellow, Milken Institute's Center for Financial Markets

Theodore Tozer is a senior fellow at the Milken Institute’s Center for Financial Markets, where he helps lead the Institute’s housing finance reform work. Prior to joining the Institute, Tozer served as the president of Ginnie Mae for seven years, bringing with him to the institution more than 30 years of experience in the mortgage, banking, and securities industries. As president of Ginnie Mae, Tozer actively managed Ginnie Mae's nearly $1.7 trillion portfolio of mortgage-backed securities (MBS) and more than $460 billion in annual issuance. Before joining Ginnie Mae, Tozer served as senior vice president of capital markets at the National City Mortgage Company (NCM) for more than 25 years, overseeing pipeline hedging, pricing, loan sales, loan delivery, and credit guideline exceptions. He was instrumental in transforming NCM from an "originate and hold" lender to an "originate and sell" lender.

Additional accomplishments include serving as a charter member of Fannie Mae’s National Lender Advisory Board until 2009. He was also a member of Freddie Mac’s National Lender Advisory Board. In addition, he was chairman of the Capital Markets Committee of the Mortgage Bankers Association of America (MBA) from 2002 to 2004, a member of the MBA Board of Governors from 2002 to 2004, a trustee of the Ohio Mortgage Bankers Association from 1999 to 2001, and as part of the Fannie Mae Midwest Secondary Advisory Group from 1994 to 1999.

He received his bachelor’s in accounting and finance from Indiana University. He became a Certified Public Accountant in 1980.

Conference Registration

Registration is open for this two-day virtual event and is free to AREUEA members. Register by May 27, 2020 at 11:59 P.M. Click here to register now.

Registration is required to attend the virtual National Conference. Those who register will get a follow-up email with instructions on how to sign in to the conference along with links to the papers and/or presentation slides. Please share this invitation with interested colleagues.

Call for Papers

The call for papers is now closed. Thank you to everyone who submitted a paper. Details of the program will be posted to the conference website as soon as the full schedule is available. We look forward to a great conference and program.

For more information, please download the PDF version of this announcement.

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