hero image
H. Shelton Weeks, Ph.D. - Florida Gulf Coast University. Fort Myers, FL, US

H. Shelton Weeks, Ph.D.

Expert in real estate and financial markets | Florida Gulf Coast University


H. Shelton Weeks has extensive industry experience in valuation of real property with an emphasis on senior living projects.





Shelton Weeks loading image Shelton Weeks loading image Shelton Weeks loading image Shelton Weeks loading image Shelton Weeks loading image




H. Shelton Weeks is a professor of finance and director of the Lucas Institute for Real Estate Development & Finance at Florida Gulf Coast University.

He has published multiple articles on pedagogical issues, corporate governance, and real estate. Weeks has extensive industry experience in valuation of real property with an emphasis on senior living projects. He is a member of the American Real Estate Society. He also has editorial experience on the Journal of Housing Research, and is co-editor of the Journal of Real Estate Practice & Education.

Areas of Expertise (5)


Corporate Finance

Real Estate

Financial Markets


Education (3)

The University of Alabama: Ph.D., Finance

The University of Alabama: M.A., Finance

The University of Alabama: B.S., Finance

Affiliations (4)

  • Journal of Real Estate Practice & Education : Editorial Board
  • Journal of Economics and Finance Education : Editorial Board
  • The Appraisal Journal : Academic Review Panel
  • Waller, Weeks, Johnson Rental Index : Co-Creator

Selected Media Appearances (28)

Study: U.S. Rents Moderating, but Affordability Issues Linger

Fox 28  print


Shelton Weeks explains Southwest Florida's real estate market after Hurricane Ian.

view more

Egg prices soar despite overall inflation finally cracking

Washington Examiner  online


Shelton Weeks discusses inflation and the rise in egg prices.

view more

Florida rental prices remain overvalued despite relief in other states, study says

WPBF  tv


Shelton Weeks discusses the long-term effects of Hurricane Ian on the southwest Florida rental market.

view more

'It will raise the payments': Another interest rate hike could be announced this week

WPBF  tv


Shelton Weeks discusses a hike in interest rates.

view more

Experts predict massive population boom for SWFL over the next 40 years

NBC2  tv


Shelton Weeks talks about how to be prepared for a population boom in Southwest Florida.

view more

Dept. of Economic Opportunity provides homeowners' assistance for Floridians

Fox 4  tv


Shelton Weeks discusses a new study that shows how the housing market in Florida among the most overvalued in the country.

view more

Experts say there are other housing solutions besides building more homes, but it's a trade-off

Fox 4  tv


Shelton Weeks discusses a potential affordable housing project in Collier County.

view more

Ft. Myers shows largest rent increase: study

WGCU  radio


Shelton Weeks discusses a study that shows Florida has the largest increase in rents.

view more

Florida dominates list of 25 most overvalued US rental markets, according to new study

WPBF  tv


Shelton Weeks discusses high rental rates in Florida.

view more

'It was hard': Rent prices forces family to move out of Ft. Myers

Fox 4  tv


Shelton Weeks discusses rising rent prices in Southwest Florida.

view more

What would you do to win a real estate deal? SWFL realtors see outrageous offers

ABC7  tv


Shelton Weeks discusses the competitive Florida housing market.

view more

Tampa Bay area needs affordable housing and not rent caps, real estate expert says

ABC Action News  tv


Shelton Weeks discusses rental caps.

view more

Tampa Bay rents to ‘get worse before they get better,’ experts say

Tampa Bay Times  tv


Shelton Weeks discusses a study that shows high rental rates in Florida.

view more

How to cope with rising costs caused by supply chain

WTSP  tv


Shelton Weeks discusses inflation and the supply chain.

view more

When are the best days to get deals for holiday shopping?

WTSP  tv


Shelton Weeks discusses why people could be spending more this holiday season.

view more

Want to get thousands more for your home? Try these paint colors

NBC2  tv


Shelton Weeks talks about how simple fixes to your house could be well worth the payout when selling.

view more

Ask the experts

WalletHub  online


Shelton Weeks talks about car insurance.

view more

How to buy a Southwest Florida home in a tough market

NBC2  tv


Shelton Weeks share tips on how to buy a house in a tough market.

view more

FGCU, Mote Marine Lab project studies if dead fish are feeding red tide

NBC2  tv


Shelton Weeks discusses a project that is studying if dead fish feed red tide and if removing them will mitigate the problem.

view more

Those with mortgages can defer payments during pandemic

NBC2  tv


Shelton Weeks discusses financial options for borrows in the wake of COVID-19.

view more

Coronavirus Q&A: Experts offer advice on financial assistance, small businesses

The News-Press  online


Shelton Weeks answers economic questions about the coronavirus.

view more

Here's why self-storage units are popping up across Lee County

NBC2  tv


Shelton Weeks discusses the impact of population increase in Southwest Florida.

view more

Social media could be making you spend more money

NBC2  tv


Shelton Weeks discusses the connection between social media and financial responsibility.

view more

Thousands of signatures needed just to vote on raising Florida's minimum wage

NBC2  tv


Shelton Weeks discusses the potential impact of a $15 minimum wage on the Southwest Florida economy.

view more

Gas prices reach highest this month

Fox 4  tv


Shelton Weeks sheds light on price cycling among gas stations.

view more

A look at how Florida's National Park System being partially shutdown will impact the economy

WGCU  radio


Shelton Weeks discusses the potential economic impact of the government shutdown.

view more

Water quality issues cause calamitous fiscal impact

Fort Myers Beach Bulletin and Fort Myers Beach Observer  online


Shelton Weeks participates in a panel discussion on the economic impact of the red tide and blue-green algae.

view more

Income inequality rampant in SW Florida

The News-Press  print


Shelton Weeks discusses economic prosperity.

view more

Selected Event Appearances (1)

Panel discussion on the economic impact of the red tide and blue-green algae

Florida Economic Water Summit  Fort Myers, Florida


Selected Articles (10)

Monthly Estimations in U.S. Residential Rental Markets and Affordability

Journal of Housing Research

Bennie D. Waller,H. Shelton Weeks & Ken H. Johnson

2023 Rental markets around the country have recently spiked, causing significant issues in terms of affordability and availability and even prompting talk of nationwide rent controls. The drivers of this recent phenomenon will almost certainly be parsed out in future research. However, there is a critical and pressing need for timely information on recent rent movements in the nation’s rental markets and their affordability. This brief provides information (projected rents, degree of over- or underpricing relative to historic trends, year-over-year rent change, and affordability of the average rental unit) for 100 U.S. residential rental markets.

Incorporating a REIT Module to an Undergraduate Capstone Course: An Experiential Education Approach

Journal of Real Estate Practice and Education

Steve P. Fraser, Daniel Huerta-Sanchez & H. Shelton Weeks

2023 This paper describes the pedagogical approach of incorporating a Real Estate Investment Trust (REIT) module in an undergraduate finance major capstone course at Florida Gulf Coast University, a regional comprehensive 4-year university. The module consists of two class periods and requires research of publicly-traded REITs using industry accepted sources of data, empirical and qualitative data analysis, and preparation of written and oral presentations that receive academic and practitioner feedback. The assignment aligns with experiential learning theory and the constructivism learning theory found in research in that it incorporates experiencing, reflecting, thinking, and active learning combined with the participation of guest speakers and judges who serve as external validators enhancing the student classroom experience.

view more

Short-Term REIT Performance under Pandemic Conditions

Journal of Real Estate Portfolio Management

Vivek Bhargava & H. Shelton Weeks

2022 The Corona virus pandemic and the subsequent economic slowdown provide an opportunity to examine the relative performance of US REITs during a period of extreme market disruption. We investigate the short-term response of US REITs during this period by employing event study methodology with four market models and three distinct pandemic related event dates. In order to examine the performance across market sectors the returns on REIT indexes are considered instead of individual REITs. The empirical results provide additional evidence with respect to the performance of REITs relative to the overall market and the benefits derived from including REITs in a portfolio during adverse market conditions.

view more

A Spatial Analysis of the Impact of Float Distance to the River on the Value of Residential Canal Front Houses

Journal of Real Estate Research

H. Shelton Weeks, Marcus T. Allen and Andres Jaugerui

2019 This manuscript utilizes Spatial Durbin Modeling to measure the impact of distance to open water on the values of canal front houses in Southwest Florida. Data from 1998 through 2015 are examined to observe how such an impact may vary across different market conditions. The results provide several interesting insights. First, the results confirm that houses with frontage on saltwater canals that afford ocean access are priced higher than (1) houses with no canal frontage and (2) houses on freshwater canals with no ocean access. Second, distance to open water is also a significant price determinant of houses with frontage on saltwater canals. Third, the open water access premium has fluctuated over time, consistent with general economic conditions in this market.

Connotation and Textual Analysis in Real Estate Listings

Journal of Housing Research

Kimberly R. Goodwin, Bennie D. Waller, and H. Shelton Weeks

2018 Real estate listings typically include objective, factual information about property characteristics, along with subjective, descriptive language. How the agent constructs the content of the listing can either encourage or discourage potential buyers from viewing a property. Thus, understanding how buyers are interpreting the language in the listing is essential for effective marketing. This study takes an important first step towards creating a real estate specific dictionary of descriptive terms and measure of favorability.

view more

Reported Price Errors: A Caveat for Appraisers

Appraisal Journal

Allen, Marcus T.; Lusht, Kenneth M.; Weeks, H. Shelton

2015 This study documents the magnitudes and signs of differences in prices reported in a multiple listing service in comparison to prices reported on HUD-1 Settlement Statements. Price differences are found in 8.75% of the sample, ranging in size from -1.09% to 21.44%. There was about a 2.5/1 ratio of overstated to understated prices, with the largest differences occurring during periods of declining market conditions.

An Analysis of Investment Returns to Condominium Flipping: Evidence from South Florida

Real Estate Finance

H. Shelton Weeks, Marcus T. Allen and Kenneth M. Lusht

2015 This study considers whether or not real estate “flippers” are able to systematically earn significant and positive returns by investing in properties with certain characteristics. Such returns would contradict the notion of market efficiency. Using a sample of repeat sales of residential condominiums in South Florida, the analysis suggests that flippers cannot rely on physical characteristics, location, or value strata to systematically earn positive returns in this market.

The Impact of Broker Vernacular in Residential Real Estate

American Real Estate Society

Kimberly Goodwin, Bennie Waller, H. Shelton Weeks

2014 Real estate brokers develop their own sense of style and methods for entering listings into the MLS. Anecdotally, they may have their own take on what works and what does not, but there is very little evidence to support those theories. In this study, we examine the use of broker vernacular in the multiple listing service (MLS) listing and its impact on selling price, time on market, and probability of sale. What the broker promotes in the MLS listing impacts marketing outcomes. Careful construction of property descriptions can improve listing performance. Additionally, brokers convey meaningful information to each other privately through the MLS.

view more

Determinants of dividend policies for ADR firms

Managerial Finance

Gizelle F. Perretti, Marcus T. Allen, H. Shelton Weeks

2013 Cross-listed firms may face unique incentives for establishing dividend policies in comparison to US firms. This study aims to test the implications of the lifecycle and signaling theories of dividend policy in the context of non-US firms cross-listed on US stock exchanges via American depository receipts (ADRs).

view more

The Salary Premium Required for Replacing Management Faculty: Evidence From a National Survey

Journal of Education for Business

J. Howard Finch, Richard S. Allen, H. Shelton Weeks

2010 One of the most important aspects of growing and improving business education is replacing departed faculty members. As the baby-boom generation approaches retirement, the supply of available replacement faculty members is diminishing. The result is a competitive market for replacement faculty that features increasing starting salary levels. In particular, faculty lines that have been occupied for extended time periods need to be marked to market salary levels because annual salary increases rarely keep pace with inflation in the labor market. The authors report the results of a national survey to determine the amount of salary premium required to bring vacated management faculty lines back up to competitive market levels. As business schools struggle to replace retiring and departing faculty, budgets have to account for these premium increases to succeed in an increasingly competitive market for faculty labor.

view more