Norm Miller

Norm Miller
Phone: (619) 260-7939
Office: Avila C110

Hahn Chair of Real Estate Finance

  • PhD, The Ohio State University, Real Estate and Finance
  • MS, The Ohio State University, Finance
  • BS, The Ohio State University, Real Estate and Urban Analysis

Norm is the Hahn Chair of Real Estate Finance at the University of San Diego (USD) and is affiliated with USD’s Burnham-Moores Center for Real Estate. He works with the FDIC, DOJ, and Collateral Analytics developing real estate analytic products and tools to support financial institutions and investors. Previously he was vice president of Analytics for the CoStar Group, a leading commercial real estate data and market analysis company. Prior to joining USD, he was academic director and the founder of the real estate program at the University of Cincinnati. He received his PhD from the Ohio State University.

Norm has published numerous academic articles, books and articles in trade market publications on housing, brokerage, mortgage risk, valuation, sustainable real estate and many other topics. His most recent book “Commercial Real Estate Analysis and Investment” with David Geltner at MIT, is in its third edition and is the world’s leading graduate-level real estate textbook. He has lectured around the world, including France, Singapore, Thailand, New Zealand and Russia. He has worked extensively with various trade associations and became one of the first “Distinguished Fellows” of the National Association of Industrial and Office Properties (NAIOP). He is currently a Homer Hoyt Land Use Institute Faculty and Board member.

Areas of Expertise

Real estate, valuation, automated valuation models, data mining, real estate market forecasting, sustainability, mortgage risk analysis, sustainable business strategies, public policy issues, real estate financial market outlook, commercial and residential real estate trends, office space and workplace trends


  • Education Award, ARES, 2020
  • James A. Graaskamp Award, ARES, 2015
  • University Professor, USD, 2013
  • Ratcliff Award, ARES, 2013
  • NAIOP Impact Award, 2004
  • NAIOP Distinguished Fellow, 2001-2013

Selected Publications

  • Miller, N. (2018) Routledge Handbook of Sustainable Real Estate, Routledge.
  • Miller, N., Sah , V., Sklarz, M. (2018) Estimating Property Condition Effect on Residential Property Value: Evidence from U.S. Home Sales Data, Journal of Real Estate Research, 40(2), 179-198.
  • Miller , N., Mueller , P., Dinn, M. (2018) Housing Demands and Immigration Trends, Real Estate Issues , 42(8), 1-10.
  • Miller , N., Sklarz, M. (2016) A Note on the Impact of Prop 13 on Effective Tax Rates, Turnover, and Home Prices, Journal of Housing Research, 25(2), 213-223.
  • View all publications

Conferences and Presentations

ERES (European Real Estate Society)

MIPIM (Marché International des Professionnels d’Immobilier)

ARES (American Real Estate Society)

AREUEA (American Real Estate and Urban Economics Association)

Homer Hoyt


Appraisal Institute




SoCal, EXCLUSIVE: How Much Do Price Trends Matter in Residential Mortgage Default Forecasting?", December 5, 2018, What the Government is Omitting from US Apt. Figures, August 1, 2017, Infrastructure and Design Impacts of Autonomous Vehicles, May 19, 2017

Wall Street Journal, The U.S. Has Some of the World’s Highest Real-Estate Commissions, October 6, 2016

Our City San Diego, Multifamily Housing Market Hot, But Faces Challenges, December 9, 2016