Real research

As a university professor, Tim Allen has studied the residential real estate markets for more than two decades.

But as is sometimes the case, university research like Allen's sometimes languishes in economics journals. Allen is the Alico Chair in Financial Management in the economics department of Florida Gulf Coast University's Lutgert College of Business.

But Allen's research has great practical applications. For example, Allen and colleagues recently published research on the effects of certain marketing strategies such as open houses and virtual online tours on real estate prices, time on market and probability of sale.