1 post

Vincent Yao

PhD economist focused on household and real estate finance; Real Estate Economics editorial board member; ex–Fannie Mae credit strategy lead overseeing a $3T mortgage portfolio.

5 min read
First-time buyers avoid overpaying for homes, then quietly overpay for the mortgage.
Sumit Agarwal
Sumit Agarwal
Low Tuck Kwong Distinguished Professor at NUS; ex-Georgetown and Chicago Fed; author of Kiasunomics; leading researcher on household finance and real estate.
Crocker Liu
Robert A. Beck Professor at Cornell (Hotel Administration) and real estate scholar; ex-NYU Stern and ASU; former co-editor of Real Estate Economics; research in real estate finance, governance, valuation.
Crocker Liu Walter Torous Vincent Yao
Feb 1, 2026

Vincent Yao

Posts

First-time buyers avoid overpaying for homes, then quietly overpay for the mortgage.