Allison Shertzer Awarded Grant to Study Housing Market Past for Better Future

Allison Shertzer

Allison Shertzer, associate professor in Pitt’s Department of Economics, recently received a three-year, $607,000 National Science Foundation grant to examine the evolution of real estate values and the standard of living in the U.S. over the period of 1880 to 1990.

Shertzer and her team will combine state-of-the-art methods in housing price index construction with newly digitized newspaper archives, with the goal of making important improvements over existing housing price series.

“We can't really understand what is happening in today's housing economy or make predictions for the future, unless we understand how the price of housing moved during booms and busts of the past,” she said.