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Velma Zahirovic-Herbert

College of Family and Consumer Sciences

Financial Planning, Housing and Consumer Economics

Professor and Graduate Coordinator

Dr. Zahirovic-Herbert is a housing economist. Her research interests are in the applications of consumer behavior theories to real property markets.


Degree Field of Study Institution Graduation
Ph.D. Economics Georgia State University 2007
M.A. Economics Georgia State University 2006
B.A. Economics Agnes Scott College 2000
B.A. Mathematics Agnes Scott College 2000


My research interests are in the applications of consumer behavior theories to real property markets.  My research has been published in the Journal of Real Estate Finance and Economics, Real Estate Economics, Journal of Real Estate Research, Land Economics, Journal of Housing Economics, Urban Studies, Housing Studies, Journal of Housing and the Built Environment, Southern Economic Journal, and other related journals. I am a managing editor of the Journal of Housing Research and the editorial board member of the Journal of Real Estate Literature and the Journal of European Real Estate Research. I recently received the William N. Kinnard Young Scholar Award, which recognizes an outstanding young real estate scholar for works reflected in multiple publications. 

I am an active member of the American Real Estate Society, where I chair the ARES women’s caucus group, Connecting-Women in Real Estate Research & Education. I also serve as a board representative of the International Real Estate Society. Locally, I am engaged with the Land Economics Society and I serve as the Vice President of the Atlanta Chapter. 


Undergraduate: Housing Market Analysis, Consumer Economics Theory

Graduate: Housing Market Analysis, Theories of Households, Consumer Economics, and Financial Behavior I


Award Name Awarded By Year Awarded
The Kinnard Young Scholar Award, 2016 American Real Estate Society:Recognizes an outstanding real estate scholar for work reflected in multiple publications and outstanding real 2016
Sarah Moss Fellowship Center for Teaching and Learning at the University of Georgia 2015
Best paper award in the Senior Housing category American Real Estate Society 2015
FACS College Advisor of the Year Award FACS College 2011
Selection to Fulbright Specialist Program, Mostar, Bosnia and Herzegovina Council for International Exchange of Scholars 2011

Editorial Appointments

Position Name of Journal Year(s)
Managing Editor Journal of Housing Research

Areas of Expertise

Housing Economics


Most Recent Publications (past 3 years):

Dipesh G, R. B. Nielsen & V. Zahirovic-Herbert. (Forthcoming) Methodology and Axiomatic Characterization of a Multidimensional and Fuzzy Measure of Deprivation. Social Indicators Research.

Zahirovic-Herbert, V., G. K. Turnbull & B. D. Waller (2020) Do home sellers know their market? Evidence from neighbourhood sober-living houses, Applied Economics Letters, DOI: 10.1080/13504851.2020.1782330.

Turnbull, G. K., & V. Zahirovic-Herbert, V. (2020). Private government, property rights and uncertain neighbourhood 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., (2019) Properties that transact at or above listing price: Strategic pricing, better broker or just dumb luck? Journal of Real Estate Finance and Economics, DOI: 10.1007/s11146-019-09714-y.

Anong S. & Zahirovic-Herbert, V. (2019) Homeownership and high-cost alternative borrowing, Applied Economics Letters, DOI: 10.1080/13504851.2019.1610696.

Zahirovic-Herbert, V. & Gibler, M.K. (2019). Neighboring house buyers’ price response to assisted living facilities and nursing homes. Housing Studies, 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.

Gibler, M.K., Taltavull, P. & Zahirovic-Herbert, V. (2018) Residents' evaluation of advantages and disadvantages of golf community living in Alicante, Spain. Journal of Housing and the Built Environment. 33(4): 731–748.

Zhou X., Zahirovic-Herbert, V. & Gibler M.K. (2018) Time-on-market in Chinese condominium presale. International Journal of Strategic Property Management. 22(3): 191–203.

Turnbull, G.K., Zahirovic-Herbert, V. & Zheng, M. (2018) Uncertain school quality and house prices: Theory and empirical evidence. Journal of Real Estate Finance and Economics. 57(2): 167–191.

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