Ph.D., MBA, Columbia University
BA, Harvard College
Areas of Expertise
Urban economics; real estate markets; retail markets, housing price indices; location of anchor stores; option to redevelop; Berlin housing; Connecticut housing.
John M. Clapp is a Professor of Finance and Real Estate at UConn where he teaches real estate markets as a source of cash flows. These valuation fundamentals arise from spatial relationships between supply and demand in local residential and commercial markets. His statistical methods for tracking the evolution of property prices over space and time were featured at a meeting of the International Association of Assessing Officers (IAAO) in 2008, and subsequently published in the Journal of Property Tax Assessment and Administration. His foundational research on valuation has resulted in numerous articles in scholarly journals including The Journal of Urban Economics, Real Estate Economics, Regional Science, Economic Journal, The Journal of Real Estate Finance and Economics, and the Journal of the American Statistical Association. They have assisted with analysis of the aging of the housing stock, the forces driving development of urban areas, the value of public schools and methods for property tax assessment. Professor Clapp’s current research seeks to value the option to redevelop the existing bundle of property characteristics. This work establishes that traditional valuation methods omit variables designed to capture the proportion of value related to redevelopment options. He served as Director for the Center for Real Estate and Urban Economic Studies from 2009 – 2012. He received his B.A. in economics from Harvard College, and a MBA and Ph.D. from Columbia University. To obtain a draft of any papers listed on Clapp’s vita, please email email@example.com