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Robert H. Edelstein - Haas School of Business, University of California, Berkeley. Berkeley, CA, US

Robert H. Edelstein Robert H. Edelstein

Professor Emeritus | Maurice Mann Chair in Real Estate | Co-Chair, Fisher Center for Real Estate & Urban Economics | Haas School of Business, University of California, Berkeley

Berkeley, CA, UNITED STATES

Social

Areas of Expertise (8)

Urban Real Estate

Urban Real Estate Economics and Urban Financial Problems

Property Taxation and the Role of the Public Sector

Inter-linkages, Securitization and Globalization of Real Estate Asset Markets

Design of Optimal Mortgage Debt Instruments and Variable-rate Mortgages

Macroeconomic Determinants of Housing Construction

Impacts of Inflation and Deflation on Real Estate Values

Determinants of US and International Real Estate Asset Cycles

About

Robert Edelstein holds the Maurice Mann Chair in Real Estate and is the co-director of the Fisher Center for Real Estate and Urban Development at Berkeley Haas. He is the author of the book, "Explaining the Boom Cycle, Speculation or Fundamentals? The Role of Real Estate in the Asian Crisis."

Edelstein has served as a consultant to the Philadelphia Finance Department, U.S. Department of Housing and Urban Development, the Housing Development Corporation of New York City, the Federal Reserve Bank of Philadelphia, the Federal Home Loan Bank of San Francisco, and the U.S. Department of Energy. He served as president of the American Real Estate and Urban Economics Association in 1996.

Education (3)

Harvard University: PhD, Economics

Harvard University: AM, Economics

Harvard University: AB Magna Cum Laude, with Highest Honors, Economics

Honors & Awards (6)

A.M. (Honorary)

University of Pennsylvania

Phi Beta Kappa

Harvard University

Elected as Faculty Fellow

Homer Hoyt Institute

Elected as Fellow of Homer Hoyt Advanced Studies Institute by the Weimer School

Weimer School

Elected as Faculty Member of the Weimer School of Advanced Studies in Real Estate and Land Economics

Weimer School

Elected President of the American Real Estate and Urban Economics Association

Urban Economics Association

Selected External Service & Affiliations (5)

  • Finance and Business Economics, University of Southern California
  • Consultant: Philadelphia Finance Department, United States Department of Housing and Urban Development, The Housing Development Corporation of New York City, The Federal Reserve Bank of Philadelphia, The Federal Home Loan Bank of San Francisco, and The United States Department of Energy
  • Conference chair: the American Real Estate and Urban Economics Annual Meeting in Washington, DC; the International Meeting at the Haas School of Business; and the Homer Hoyt Institute International Conference in West Palm Beach, Florida.
  • Member, board of directors: American Real Estate and Urban Economics Association, National Real Estate Forum, AMB Properties, New York Stock Exchange REIT, and Global Properties, a Luxembourg Real Estate Operating Investment Company
  • Editorial board member: American Real Estate and Urban Economics Association, Journal of Housing Economics, Journal of the Asian Real Estate Society and Journal of Property Research.

Positions Held (1)

At Haas since 1985

2009 – present, Maurice Mann Chair in Real Estate, Haas School of Business
1991 - 2001, Chair, Real Estate Group, Haas School of Business
1985 – present, Professor, Haas School of Business
1979 – 1985, Professor of Finance, Joint Appointment with Public Management Department (1980-1985), Joint Appointment with City Planning Graduate Group (1980-1985), Wharton School, University of Pennsylvania
1975 – 1979, Associate Professor of Finance, Wharton School, University of Pennsylvania
1972 – 1975, Assistant Professor of Finance, Wharton School, University of Pennsylvania

Media Appearances (6)

Hope for California’s housing crisis?

U.S. News & World Report  

2018-04-04

Middle-class families are being forced out of the housing market because of the booming technology industry. Also, "there is pressure from oversea buyers to purchase here because it's safer to have your money in the U.S.," said Prof. Emeritus Robert Edelstein, Maurice Mann Chair in Real Estate. "There are very rich people pushing people out that because they simply just can't afford it anymore."

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Bay Area Real Estate Experts Predict a Modest 2018

Oakland Magazine  online

2018-01-04

A UC Berkeley real estate professor emeritus echoed Gudell’s comments. “Prices are such that sales are going to be slow. It’s getting to the point where people just can’t afford it,” said Robert Edelstein, co-director of the Fisher Center for Real Estate at UC Berkeley’s Haas School of Business. “We are reaching extremes. It’s an unfortunate fact of life.”

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For the fear of shadows: Real estate development under Berkeley’s new City Council

The Daily California  online

2017-05-07

Since about 1995, the Bay Area has generally experienced economic prosperity. Silicon Valley employees have moved to Berkeley, and housing supply hasn’t been able to keep up with demand, driving up costs, said Robert Edelstein, campus professor emeritus from the Haas School of Business and co-chair of the campus Fisher Center for Real Estate and Urban Economics...

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How President Trump Will Change the U.S. Housing Market

Realtor.com  online

2016-11-09

"The heart of Republican support—blue-collar, middle-aged workers—are the people who will [be affected] the most," says Bob Edelstein, co-chair of the Fisher Center for Real Estate and Urban Economics at the University of California, Berkeley. "It may be harder to get mortgages, and those that will be available will be less advantageous"...

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What a New GOP President Would Mean for Homeowners

Realtor.com  online

2016-07-21

"The heart of Republican support—blue-collar, middle-aged workers—are the people who will [be affected] the most," says Bob Edelstein, co-chair of the Fisher Center for Real Estate and Urban Economics at the University of California, Berkeley. "It may be harder to get mortgages, and those that will be available will be less advantageous"...

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Could Buying a Home in Flint Actually Be a Smart Investment?

Realtor.com  online

2016-02-11

Robert Edelstein, a real estate professor at the Haas School of Business, at the University of California, Berkeley, doesn't think so. He believes the water crisis will prompt even more employers to flee the already economically depressed city—further perpetuating the cycle of decline...

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Selected Papers & Publications (9)

The Housing Problem and the Economic Crisis: A Review and Evaluation of Policy Prescriptions Homer Hoyt Institute

Robert Edelstein, Ashok Bardhan, and Cynthia Kroll

2010

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“How Do Institutional Factors Affect International Real Estate Returns? Journal of Real Estate Finance and Economics

Robert Edelstein, Wenlan Qian, and Desmond Tsang

2010

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How Does Corporate Governance Affect the Quality of Investor Information? The Curious Case of REITs The Curious Case of REITs

Robert Edelstein, Pal Anglin, Yanmin Gao, and Desmond Tsang

2010

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Ownership Dynamics with Multiple Insiders: The Case of REITs Real Estate Economics

Robert Edelstein, Antoni Sureda-Gomila, Branko Urosevic, and Nicholas Wonder

2010

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Global Financial Integration and Real Estate Security Returns Real Estate Economics

Robert Edelstein, Ashok Bardhan, and Desmond Tsang

2008

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Real Estate Through the Ages: The Known, The Unknown, and The Unknowable The Known, The Unknown, and The Unknowable: Financial Risk Management

Robert Edelstein and Ashok Bardhan

2008

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Real Estate Value Cycles: A Theory of Market Dynamics American Real Estate Society

Robert Edelstein, Yoon Dokko, Allan J. Lacayo and Daniel C. Lee

1999

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Forecasting Seniors Housing Demand Seniors Housing, Research Issues in Real Estate, edited by Michael A. Anikeeff, and Glenn R. Mueller. Kluwer Academic Publishers; Norwell, Massachusetts

Robert Edelstein and Allan J. Lacayo

1998

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Economic Consequences of the Rodash Decision on the U.S. Economy." Testimony Before the U.S. House of Representatives Subcommittee on Financial Institutions and Consumer Credit Testimony before the U.S. House of Representatives, Subcommittee on Financial Institutions and Consumer Credit, Committee on Banking and Financial Services.

Robert Edelstein

1995

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Teaching (3)

Real Estate Economics and Finance

MBA & EWMBA

Real Estate Strategy

MBA & EWMBA

Real Estate Seminar

PhD