Terry Real Estate Program—The University of Georgia

Dr. Henry J. Munneke

Professor

201 Brooks Hall
Phone: (706) 542-0496
hmunneke@terry.uga.edu

Vitae

Henry J. Munneke (Ph.D., University of Illinois at Urbana-Champaign) is an Professor of Real Estate. His research focus is in the area of urban land economics with a particular interest in the determinants of urban land values, land use controls, and the redevelopment of urban areas. He has also authored several studies that examine the issue of sample selection bias associated with real estate price indices. He has been published in several journals including the Journal of Urban Economics, Real Estate Economics, Journal of Real Estate Finance and Economics and others. Dr. Munneke attended the May 1999 session of the Weimer School as a Post-Doctoral Award recipient. He currently serves on the editorial board of the Journal of Real Estate Finance and Economics. He is also an active participant in the American Real Estate and Urban Economics Association (AREUEA).

Selected Publications

Bargaining Strength and Property Class in the Office Market (with Peter F. Colwell), Journal of Real Estate Finance and Economics, 2006, 33:3, 197-213.
Gradients in Spatial Response Surfaces with Application to Urban Land Values (with A. Majumdar, A.E. Gelfand, S. Banerjee and C.F. Sirmans), Journal of Business and Economics Statistics, 2006, 24:1, 77-90.
A Model of Zoning Change: An Empirical Analysis of the Role of Land Prices in Zoning Decisions, Journal of Urban Economics, 2005, 58:3, 455-473.
A Multivariate Repeat Sales Model for Estimating House Price Indices (with Roger E. Cannaday, and Tyler T. Yang), Journal of Urban Economics 2005, 57:2, 320-342.
Estimating a Price Surface for Vacant Land in an Urban Area (with Peter F. Colwell), Land Economics, 2003, 79:1, 15-28.
Title Systems and Land Values (with Thomas J. Miceli, CF Sirmans, and Geoffrey K. Turnbull), Journal of Law and Economics, 2002, 45:2, 565-82.
A Metropolitan Transaction-Based Commercial Price Index: A Time-Varying Parameter Approach (with Barrett A. Slade), Real Estate Economics, 2001, 29:1, 55 - 84.
Incentives and Performance in Real Estate Brokerage (with Abdullah Yavas), Journal of Real Estate Finance and Economics, 2001, 22:1, 5 - 22.
An Empirical Study of Sample Selection Bias in Indices of Commercial Real Estate (with Barrett A. Slade), Journal of Real Estate Finance and Economics, 2000, 21:1, 45-64.
Land Prices and Land Assembly in the CBD (with Peter F. Colwell), Journal of Real Estate Finance and Economics, 1999, 18:2, 163 180.
A Housing Price Model with Endogenous Externality Location: A Study of Mobile Home Parks (with V. Carlos Slawson, Jr.), Journal of Real Estate Finance and Economics, 1999, 19:2, 113-132.
Valuing Easements: Some Basic Economic Considerations (with Joseph W. Trefzger), Journal of Real Estate Research, 1998, 16:2, 1-12.
Nonlinear Effects in Easement Valuation (with Joseph W. Trefzger), Journal of Real Estate Research, 1998, 16:2, 93-102.
Percentage Leases and the Advantages of Regional Malls (with Peter F. Colwell), Journal of Real Estate Research, 1998, 15:3, 239-252.
Chicago’s Office Market: Price Indices, Location, and Time (with Peter F. Colwell and Joseph W. Trefzger,, Real Estate Economics, 1998, 26:1, 83-106.
The Structure of Urban Land Prices (with Peter F. Colwell), Journal of Urban Economics, 1997, 41:3, 321-336.
Redevelopment Decisions for Commercial and Industrial Properties, Journal of Urban Economics, 1996, 39:2, 229-253.

Working Papers

The Impact of Zoning on the Price of Vacant Land: An Endogenous Dummy Variable Approach (with Peter F. Colwell).
Sealed-bid Auctions and Fixed Price Sales: Seller Choice in Scottish Housing Markets (with Carolyn A. Dehring and Neil Dunse).
Housing Markets and House Price Appreciation: An Intracity Analysis (with Harris Hollans)..
Measuring Price Behavior in New Residential Subdivisions (with Harris Hollans and Richard W. Martin).
Real Estate Brokerage Earnings: A Focus on Choice of Compensation Structure and Mobility (with Richard W. Martin).

Classes

REAL 4000: Real Estate
REAL 4000H: Real Estate Honors
REAL 4800: Internship in Real Estate
REAL 5080: Principles of Valuation
REAL 7800: Real Estate Analysis
REAL 9860: Real Estate Valuation
REAL 9910: Seminar in Real Estate Analysis & Finance

Areas of Research:

Urban Land Value
Land Use Controls
House and Commercial Price Indices