Luis Lopez
Associate Professor
Stuart Handler Department of Real Estate
Contact
- Building & Room:
- UH 2205
- Address:
- 601 S. Morgan St., Chicago, IL 60607
- Office Phone:
- (312) 355-8215
Email:
CV Link:
Related Sites:
About
Luis A. Lopez is an Associate Professor in the Stuart Handler Department of Real Estate at the University of Illinois Chicago, a Visiting Scholar at the Federal Reserve Bank of Philadelphia, and a postdoctoral honoree of the Hoyt Weimer School. His research focuses on real estate finance and policy, with recent work examining racial disparities in mortgage and appraisal markets, the effects of government interventions such as the Paycheck Protection Program on commercial mortgage markets, how multifamily financing influences evictions and the broader economy, and the impact of wildfire smoke pollution on municipal healthcare borrowing costs.
His research has been published in leading academic journals, including American Economic Journal: Economic Policy, The Review of Financial Studies, Review of Finance, Real Estate Economics, Journal of Real Estate Finance and Economics, and Regional Science and Urban Economics. Dr. Lopez has also conducted research for the Illinois Department of Financial and Professional Regulation and the U.S. Department of Housing and Urban Development. He currently serves as the lead principal investigator for research on the Illinois Community Reinvestment Act for the Illinois Commission on Equity and Inclusion. In addition, he is serving a three-year term on the Board of Directors of the American Real Estate and Urban Economics Association and is a member of the editorial board of Real Estate Economics.
Professor Lopez earned his Ph.D. in Business Administration with a concentration in Real Estate from The Pennsylvania State University. Before pursuing his doctorate, he worked as a Data Analyst for the Lied Institute for Real Estate Studies at the University of Nevada, Las Vegas (UNLV), served as a Realty Technician intern with the Bureau of Land Management, and worked as a real estate agent for a boutique brokerage in Las Vegas. He also holds both a Bachelor of Arts and a Master of Arts in Economics from UNLV.
Selected Publications
- Do Appraiser and Borrower Race Affect Mortgage Collateral Valuation?,” with Brent W. Ambrose, James N. Conklin, N. Edward Coulson, and Moussa Diop. Review of Finance, forthcoming.
- “Did the Paycheck Protection Program Help Small Businesses? Evidence from Commercial Mortgage-backed Securities,” with Sumit Agarwal, Brent W. Ambrose and Xue Xiao, American Economic Journal: Economic Policy, 2024, Vol. 16, No. 3, pp. 95-132. ARES 2021 Best Paper Award in Property/Asset Management.
- “COVID-19 and Housing Market Effects: Evidence from U.S. Shutdown Orders,” with Walter D’Lima and Archana Pradhan, Real Estate Economics, 2022, Vol. 50, No. 2, pp. 303-339.
- “Estimating Housing Rent Depreciation for Inflation Adjustments,” with Jiro Yoshida, Regional Science and Urban Economics, 2022, Vol. 95, Issn 103811, pp. 1-35.
- “Does Borrower and Broker Race Affect the Cost of Mortgage Credit?” with Brent W. Ambrose and James N. Conklin. Review of Financial Studies, 2021, Vol. 34, No. 2, pp. 790-826.
- “Asymmetric Information and Affiliations in Brokered Housing Transactions,” Real Estate Economics, 2021, Vol. 49, No. 2, pp. 459-492.
- “Trustee Affiliation and Servicer Oversight: Evidence from CMBS Markets,” with Walter D’Lima. Real Estate Economics, 2021, Vol. 49, No. 3, pp. 699-732.
Publication Aggregators
Education
- PhD in Business Administration, The Pennsylvania State University, May 2019
- MA in Economics, University of Nevada, Las Vegas, December 2012
- BA in Economics, Minor in Political Science, University of Nevada, Las Vegas, December 2010
Professional Memberships
- American Finance Association
- American Real Estate and Urban Economics Association
- American Real Estate Society
- Financial Management Association
Research Currently in Progress
- Credit Market Spillover Effects to the Real Economy: Evidence from Rental Housing Evictions,'' with Brent W. Ambrose and Xudong An (Available at SSRN).