Velma Zahirovic-Herbert
Professor | Martha and Robert Fogelman Family Chair in Sustainable Real Estate
![Velma Zahirovic-Herbert](https://www.memphis.edu/finance/faculty_research/faculty-headshots/zahirovic-erbert-velma.png)
Biography
Velma Zahirovic-Herbert is the Martha and Robert Fogelman Family Chair in Sustainable Real Estate and Professor of Real Estate at the University of Memphis. Her current research focuses on housing markets, neighborhood change and growth, and the applications of consumer behavior theories to real estate brokerage. She has published extensively in both real estate and urban economics journals on these and similar topics. She is a managing editor of the Journal of Housing Research and the editorial board member of the Journal of Real Estate Finance and Economics and the Journal of European Real Estate Research. Velma is an active member of the American Real Estate Society. She co-chairs the ARES women's caucus group, C-WI(RE)2, Connecting Women in Real Estate Research & Education.
Research
Select Research Publications
- Bikmetova, N., Turnbull, G.K. & Zahirovic-Herbert, V. (2024). Does Bankruptcy Identify
a Type Of Real Estate Agent or a Stress-Induced Change in Performance? Journal or
Real Estate Finance and Economics, DOI: 10.1007/s11146-024-09984-1
- Dey, D., Ritchey, N., Turnbull, G.K., Zahirovic-Herbert, V. (2023). Culture and Walkability:
Ethnicity, Neighborhood Walkability, and House Price. Journal or Real Estate Finance
and Economics, DOI: 10.1007/s11146-023-09963-y
- Zahirovic-Herbert, V. & K. M. Gibler (2023). Residential Marketing Duration: Film
Studios as Neighborhood Sales Accelerators. Journal of Real Estate Research, DOI:
10.1080/08965803.2023.2214469
- Robert, J. G. & V. Zahirovic-Herbert (2023). The Influence of TIF Overlay Zoning on
Residential Real Estate Prices. Journal of Housing Research, DOI: 10.1080/10527001.2023.2216874
- Bikmetova, N., Turnbull, G. K., & Zahirovic‐Herbert, V. (2022). Ethnicity in housing
markets: Buyers, sellers and agents. Real Estate Economics, 51, 196– 232. https://doi.org/10.1111/1540-6229.12410
- Cheung, W., Guo, L., Zahirovic-Herbert, V., Kawaguchi, Y., & Unger, S. (2022). Effects
of Ordered Position on Stock Liquidity: New Nonlinear Evidence from Japanese REITs.
Journal of Real Estate Research, 1-25.
- Zahirovic-Herbert, V., & Gibler, K. M. (2022). The effect of film production studios
on housing prices in Atlanta, the Hollywood of the South. Urban Studies, 59(4), 771–788.
https://doi.org/10.1177/00420980211024156
- Zahirovic-Herbert, Velma (2021) Movie studios are good neighbors – if you like rising
house prices. USApp – American Politics and Policy Blog (10 Sep 2021). Blog Entry.
- American Real Estate Society best paper award in the Industrial Real Estate and Urban
Design and Development category, 2021.
- American Real Estate Society best paper award in the Industrial Real Estate and Urban
Design and Development category, 2021.
- Zhou, X., Zahirovic-Herbert, V., & Gibler, K. M. (2021). Price impacts of signaling
in Chinese residential land auctions. Journal of Housing and the Built Environment,
36, 1299–1321. https://doi.org/10.1007/s10901-020-09806-9.
- American Real Estate Practioner Research Award, 2019.
- American Real Estate Practioner Research Award, 2019.
- Zahirovic-Herbert, V., Turnbull, G. K., & Waller, B. D. (2021). Do home sellers know
their market? Evidence from neighborhood sober-living houses. Applied Economics Letters,
28(10), 807-810. https://doi.org/10.1080/13504851.2020.1782330.
- Turnbull, G. K., & V. Zahirovic-Herbert, V. (2020). Private government, property rights,
and uncertain neighborhood externalities: Evidence from gated communities. Urban Studies,
57(4), 711–730. https://doi.org/10.1177/0042098019872391
- Zahirovic-Herbert, V., Turnbull, G.K., & Waller, B.D., (2020) Properties that transact
at or above listing price: Strategic pricing, better broker, or just dumb luck? Journal
of Real Estate Finance and Economics,60 (1), 53-76.
- Also printed as Geoffrey K. Turnbull, PhD, Velma Zahirovic-Herbert, PhD, and Bennie
D. Waller, PhD. (2021) Why Do Houses Sell Above Listing Price? Keller Center Research
Report, 14(4).
- American Real Estate Society best paper award in the Real Estate Brokerage/Agency
category, 2018.
- Sophia T. Anong & Velma Zahirovic-Herbert (2020) Homeownership and high-cost alternative
borrowing, Applied Economics Letters, 27:2, 118-121, DOI: 10.1080/13504851.2019.1610696.
- Velma Zahirovic-Herbert & Karen M. Gibler (2020) Neighbouring house transaction response
to assisted living facilities and nursing homes, Housing Studies, 35:2, 195-213, DOI: 10.1080/02673037.2019.1594714.
- Zahirovic-Herbert, V. & Turnbull, G.K. (2019). Housing market microstructure: What
is a competing house? Journal of Housing Research, 28(1): 1-17.
- Smith, P. and Zahirovic-Herbert, V. and Gibler, K. M, (2019). Building Social Capital
at the Expense of Principals: Evidence from Residential Real Estate Agent Trading
Networks. Journal of Real Estate Research. 41(1): 147-182.
- Turnbull, G.K., Waller, B.D., Withscey, W., & Zahirovic-Herbert, V (2019). This old house: Historical restoration as a neighborhood amenity. Land Economics. 95(2): 193-210.