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Prof. Christopher "Chris" J. Mayer Ph.D.


Self Description

November 2008: "Professor Mayer is Senior Vice Dean and Paul Milstein Professor of Real Estate at Columbia Business School. He is also Research Director of the Paul Milstein Center for Real Estate, Visiting Scholar at the Federal Reserve Bank of New York, and Research Associate at the National Bureau of Economic Research. Professor Mayer serves on the Board of Editors of Real Estate Economics and Journal of Urban Economics and is a Fellow of the Homer Hoyt Institute. He also works as part-time research director and member of the Board of Directors of Oak Hill REIT Management, a REIT hedge fund. Dr. Mayer previously held positions at The Wharton School, the University of Michigan, and the Federal Reserve Bank of Boston. He holds a BA in Math and Economics from the University of Rochester and a PhD in Economics from MIT.

Professor Mayer’s research explores a variety of topics in real estate, including real estate cycles, capital markets, housing, public and private real estate values, and debt securitization. He has also written on the market for reverse mortgages, the link between local government activities and housing values, and the economics of airline congestion. His research has been funded by the National Science Foundation, the Government of Canada, and the Real Estate Research Institute, among others. He has authored many scholarly articles on these subjects and is frequently quoted in the national media, including the Wall Street Journal, New York Times, ABC (Nightly News, 20/20, Nightline), National Public Radio, CNN, and CBS TV. Professor Mayer frequently comments on real estate for Bloomberg Television and CNBC."

http://www2.gsb.columbia.edu/faculty/cmayer/bio.html

Third-Party Descriptions

February 2012: "Christopher J. Mayer, a housing expert at Columbia Business School, said the accord could give banks more certainty that they can clear their large backloads of seized homes, restoring the flow of those homes into the market."

http://www.nytimes.com/2012/02/09/business/states-negotiate-25-billion-deal-for-homeowners.html

January 2012: 'Christopher J. Mayer, a real estate professor at Columbia Business School who has been a proponent of mass refinancing, said he could see little reason for Freddie to use such a complex investment scheme. “Why are we three years into the crisis and some of the same kinds of complicated derivatives deals that brought down some of our biggest financial institutions are being done by Freddie Mac?” he said.'

http://www.nytimes.com/2012/01/31/business/freddie-mac-investments-under-scrutiny-by-treasury-dept.html

October 2008: "Indeed, a recent analysis of the cost of owning a single family home relative to renting conducted by Chris Mayer, professor of real estate at Columbia Business School, shows variations amongst the major metro areas. In all the markets, owning is negatively impacted by today's tight credit conditions, which is exerting a downward pull on prices. Still, markets such as Cleveland, New York and San Diego show that owning relates relatively favorably to the cost of renting, while other markets like Phoenix and Miami."

http://www.bankrate.com/brm/news/mtg/20081009-home-price-rent-ratio-a1.asp

Relationships

RoleNameTypeLast Updated
Employee/Freelancer/Contractor (past or present) Columbia University Organization Nov 2, 2008
Student/Trainee (past or present) MIT (Massachusetts Institute of Technology) Organization Nov 2, 2008
Employee/Freelancer/Contractor (past or present) National Bureau of Economic Research (NBER) Organization Nov 2, 2008
Student/Trainee (past or present) University of Rochester Organization Nov 2, 2008
Employee/Freelancer/Contractor (past or present) Wharton School Organization Nov 2, 2008

Articles and Resources

Date Fairness.com Resource Read it at:
Feb 08, 2012 States Negotiate $26 Billion Deal for Homeowners

QUOTE: After months of painstaking talks, government authorities and five of the nation’s biggest banks have agreed to a $26 billion settlement that could provide relief to nearly two million current and former American homeowners harmed by the bursting of the housing bubble, state and federal officials said. It is part of a broad national settlement aimed at halting the housing market’s downward slide and holding the banks accountable for foreclosure abuses.

 New York Times
Jan 30, 2012 Treasury Investigates Freddie Mac Investment

QUOTE: The Treasury Department is investigating a report that Freddie Mac, the mortgage giant, bet against homeowners’ ability to refinance their loans even as it was making it more difficult for them to do so...

 New York Times