William Wheaton is a professor in the Department of Economics at the Massachusetts Institute of Technology (MIT) and is the current director of the MIT Center for Real Estate. A member of the MIT faculty since 1972, Professor Wheaton helped to develop the field of urban economics by pioneering the theory of how land, location, and housing markets jointly operate. He also specializes in the problems of urban infrastructure and local government finance. He has written numerous articles in scholarly journals throughout the world, and is a co-author of Urban Economics and Real Estate Markets (Pearson; 1 edition, 1995), the first textbook to cover both real estate applications and economics.
Professor Wheaton's current research interests are represented in Recent Papers. In the last few years, Professor Wheaton has been actively applying economic research to the real estate industry. He helped organize the MIT Center for Real Estate, and teaches the program's core course in Real Estate Economics. He was the first economist to apply econometric methods to the forecasting of real estate markets, and is a principal in TWR, a globally-recognized real estate consulting firm that works with the real estate industry to better understand the fluctuations and trends of the market. Professor Wheaton received a B.A. in economics from Princeton University, and a Ph.D. from the University of Pennsylvania.