Stijn Van Nieuwerburgh: Director of the Center for Real Estate Finance Research & the David S. Loeb Professor of Finance at NYU Stern

My NativeAdVantage:


Stijn Van Nieuwerburgh is the Director of the Center for Real Estate Finance Research and the David S. Loeb Professor of Finance at New York University Leonard N. Stern School of Business, which he joined in 2003. Professor Van Nieuwerburgh’s research lies in the intersection of housing, asset pricing, and macroeconomics. One strand of his work studies how financial market liberalization in the mortgage market relaxed households' down payment constraints, and how that affected the macro-economy, and the prices of stocks and bonds. In this area, he has also worked on regional housing prices and on household's mortgage choice. He currently studies commercial real estate price formation, and the impact of foreign buyers.

He has served as an advisor to the Norwegian Minsiter of Finance, and has been a visiting scholar at to the Central Bank of Belgium, the New York and Minneapolis Federal Reserve Banks, the Swedish House of Finance, the International Center for Housing Risk, and has contributed to the World Economic Forum project on real estate price dynamics. Professor Van Nieuwerburgh earned his Ph.D. in Economics and Masters in Financial Mathematics at Stanford University and his Bachelor's degree in economics at the University of Ghent in Belgium.

What do you do best?

I am good at multi-tasking and juggling several projects. I love organizing events that bring people together, whether it be a large academic or industry conference, or a small dinner party.

What makes you the best?

I try to do my best at everything I undertake. If I cannot do it well, I will not agree to do it at all. I am a perfectionist and willing to work hard until the job is done.

What are your aspirations?

My aspirations are to be a source of positive energy, optimism, and inspiration for the people around me, whether it is as a co-author on a research paper, as a teacher in the classroom, as an advisor, or as a parent. I would like my deeds to speak louder than my words. I aim to keep learning new things by undertaking projects that force me out of my comfort zone and that are challenging to the point where I am not sure I can do them when I embark on them. I like the idea of consuming new experiences, doing something for the first time.

Biggest Success?

My biggest success is that I have remained excited and optimistic about life and its unbounded possibilities. My other big success is that I managed to convince my wife to marry me and have wonderful children with me. I am also quite proud of the fact that I published three top economics publications in the same calendar year. Many years of blood, sweat, and tears went into those papers. Finally, I am proud of the work we have delivered at the Center for Real Estate Finance Research over the past four years.

Most Challenging Moment?

My third year as a PhD student and my third year as an assistant professor. The first challenge was to transition from being a student to being an independent researcher. The second challenge was to find a way forward in my research in the face of rejection.

Favorite Motto?

Estilo es el pigmento del pensamiento. Style is the color of thought.

Qui n'avance pas, recule. If you are not going forward, you are going backward.

What doesn't kill you makes you stronger.

Favorite People?

My co-authors. Barack Obama. Pope Francis. Real estate developers - they can be very colorful and are invariably optimistic.

Favorite Places?

New York City, Gent, Tuxedo Park, Rome, Paris, London

Favorite Products?

Delirium Tremens (and many other Belgian beers), dark Belgian chocolates, speculaas (aka cookie butter)

Current Passions?

Court tennis aka the real tennis