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Faculty Spotlight
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Timothy Savage

Clinical Assistant Professor

Schack Institute of Real Estate

Leading the Next Generation of Real Estate Professionals

Fast Facts

  • Holds a doctorate in economics from UNC-Chapel Hill, has worked in areas such as machine learning and its use in business contexts, the intersection of commercial real estate, macroeconomics, and monetary policy
  • Before coming to Schack to teach in the MS in Real Estate program in 2016, led the research group at CBRE Econometric Advisors in Boston 
  • Urges future real estate professionals to continue innovating ways to build out commercial and residential real estate by looking at ideas for modular housing

From Econometrician to Real Estate Expert

I think real estate now has emerged into being one of the most interesting asset classes out there. And the demand in the current economic climate of very low interest rates, negative interest rates in Europe, has increased the demand for physical or hard assets like real estate. There's a wall of capital coming in to acquire these assets, and I find all that fascinating to think about."

Making Predictions for the Future of Real Estate

Creative Solutions in the Hands of Students

What I really want them to do is to approach data science and machine learning with a critical view. I can develop 20 correlations between here and the door and none of them could be informative in a meaningful way. What I want my students to come away with is: just because it's easy doesn't mean that's the right thing to do."