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= Stuart A. Gabriel = This page provides information on Stuart A. Gabriel who is the director of the University of California, Los Angeles's (UCLA) Center for Real Estate, the Arden Realty Chair, and a professor of finance researching topics of real estate and housing and mortgage markets.

Overview:
Gabriel received his B.A., M.A. and Ph.D. from the University of California, Los Angeles. Upon completing his education, Gabriel worked in numerous positions in academia, the Federal Reserve , and the private sector. In addition to each of these positions, Gabriel is also a member of two research organizations. Throughout his career, Gabriel has earned numerous awards for teaching, research, and his commitment to the Jewish World Watch organization. In his research, Gabriel has made contributions to the studies of urban economics and housing market s. Specifically, Gabriel has contributed new ways to measure the stability of the mortgage market, examined the effectiveness of government interventions in housing crises, observed Congressional influence on the subprime loan market , and demonstrated disproportionate clustering in geographic areas based on race.

Education:
Stuart Gabriel has received three degrees all from the University of California, Los Angeles. In 1976, he received his Bachelor of Arts degree. He received a Master of Arts degree in 1980 before then obtaining his Ph.D. in Economics in 1981.

Federal Reserve:

 * Economic staff member at the Federal Reserve Board in Washington D.C.
 * Visiting scholar at the Federal Reserve Bank in San Francisco

University of California, Los Angeles:

 * Director of the Ziman Center for Real Estate
 * Arden Realty Chair
 * Professor of Finance at University of California, Los Angeles Anderson School of Management

Research Organizations:

 * President Emeritus of the American Real Estate and Urban Economics Association
 * Fellow of the Homer Hoyt Institute for Advanced Real Estate Studies

Private Sector:

 * Board of Directors member at KBS Real Estate Investment Trust II, Inc.
 * Private Consultant for investment firms and the government.

Awards:
At the University of California, Los Angeles, Stuart A. Gabriel has received many awards for both research and his teaching excellence. "[The classroom] can be very dynamic, and that occurs when there is significant energy on the part of students and instructor, such as what arises in the context of a compelling and timely case study discussion. It’s exciting to see students who become enthusiastic and intellectually intrigued by the course material — it’s that curiosity that carries the student forward to be a lifetime learner.”

- Stuart A. Gabriel. In addition to his awards for research and teaching, Gabriel and his family were also awarded the Jewish World Watch's annual Global Soul award which was awarded to recognize their service and allegiance to the organization.

Research:
Stuart Gabriel has contributed to the field of urban economics by studying housing markets in the United States and what factors influence them. Notably, Gabriel along with cowriters Marcell Chauvet and Chandler Lutz published a paper in the Journal of Urban Economics that demonstrated a link between Google search queries on mortgages and an increase in the mortgage default risk. The authors find evidence that suggests that: "mortgage default risk tabulated through internet search queries acts as a leading indicator of the most up-todate, real-time measures of housing market performance."

- Marcell Chauvet, Stuart Gabriel, and Chandler Lutz, 2016. Gabriel has also conducted research analyzing the financial crisis including a forthcoming article in the Review of Financial Studies examining the effectiveness of foreclosure prevention laws in California. This research finds that the California Foreclosure Prevention Laws prevented approximately 250,000 foreclosures in the state while also producing $300 billion in housing wealth. Thus, Gabriel and his co authors note that these findings suggest that policy interventions in the housing market can substantially reduce housing distress.

In line with how government programs can influence the housing Market, Gabriel has also examined more directly, how representation in Congress influences access to subprime lending. More specifically, it is found that when borrowers are represented by Congressional Leaders and by members on the House Financial Services Committee, they are more likely to get better credit access as well as discounted prices. Gabriel's paper, published in the Journal of Housing Economics, serves to confirm the findings of previous research that Congressional leadership does provide preferential treatment to their constituents in access to subprime loans.

Examining the relationship between home location choice, wealth, and race, Gabriel finds that even after economic status is taken into account, persons who are racially black still disproportionately locate in urban areas while very few locate in more suburban and rural areas. This research serves to confirm previously anecdotal evidence of disproportionate home location based on race. "...as evidenced in Chicago and the other sampled areas, a simulated and appreciable improvement to black economic status fails to result in large-scale suburbanization of blacks. However, that same simulated endowment increase does elevate black homeownership, particularly in closer-in urban neighborhoods."

- Stuart Gabriel and Gary Painter, 2008 Due to his contributions, Gabriel is often sought out as an industry expert, contributing to media such as the New York Times, the Los Angeles times, the Wall Street Journal, NPR, and NBC. Gabriel has published over 75 articles in journals pertaining to urban economics and finance. In addition to his research contributions, he also sits on the editorial boards of multiple academic journals.