H. Shelton Weeks, Ph.D. profile photo

H. Shelton Weeks, Ph.D.

Expert in real estate and financial markets


H. Shelton Weeks has extensive industry experience in valuation of real property with an emphasis on senior living projects.







H. Shelton Weeks is a professor of finance and director of the Lucas Institute for Real Estate Development & Finance at Florida Gulf Coast University.

He has published multiple articles on pedagogical issues, corporate governance, and real estate. Weeks has extensive industry experience in valuation of real property with an emphasis on senior living projects. He is a member of the American Real Estate Society. He also has editorial experience on the Journal of Housing Research, and is co-editor of the Journal of Real Estate Practice & Education.

Areas of Expertise

EconomicsCorporate FinanceReal EstateFinancial MarketsInvestments


The University of Alabama

Ph.D., Finance

The University of Alabama

M.A., Finance

The University of Alabama

B.S., Finance


  • Journal of Real Estate Practice & Education : Editorial Board
  • Journal of Economics and Finance Education : Editorial Board
  • The Appraisal Journal : Academic Review Panel

Selected Media Appearances

Ask the experts

WalletHub  online


Dr. Shelton Weeks talks about car insurance.

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FGCU, Mote Marine Lab project studies if dead fish are feeding red tide

NBC2  tv


Shelton Weeks discusses a project that is studying if dead fish feed red tide and if removing them will mitigate the problem.

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Those with mortgages can defer payments during pandemic

NBC2  tv


Shelton Weeks discusses financial options for borrows in the wake of COVID-19.

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Coronavirus Q&A: Experts offer advice on financial assistance, small businesses

The News-Press  online


Shelton Weeks answers economic questions about the coronavirus.

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Here's why self-storage units are popping up across Lee County

NBC2  tv


Shelton Weeks discusses the impact of population increase in Southwest Florida.

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Social media could be making you spend more money

NBC2  tv


Shelton Weeks discusses the connection between social media and financial responsibility.

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Thousands of signatures needed just to vote on raising Florida's minimum wage

NBC2  tv


Shelton Weeks discusses the potential impact of a $15 minimum wage on the Southwest Florida economy.

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Gas prices reach highest this month

Fox 4  tv


Shelton Weeks sheds light on price cycling among gas stations.

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A look at how Florida's National Park System being partially shutdown will impact the economy

WGCU  radio


Shelton Weeks discusses the potential economic impact of the government shutdown.

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Water quality issues cause calamitous fiscal impact

Fort Myers Beach Bulletin and Fort Myers Beach Observer  online


Shelton Weeks participates in a panel discussion on the economic impact of the red tide and blue-green algae.

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Income inequality rampant in SW Florida

The News-Press  print


Shelton Weeks discusses economic prosperity.

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Selected Event Appearances

Panel discussion on the economic impact of the red tide and blue-green algae

Florida Economic Water Summit  Fort Myers, Florida


Selected Articles

A Spatial Analysis of the Impact of Float Distance to the River on the Value of Residential Canal Front Houses

Journal of Real Estate Research

H. Shelton Weeks, Marcus T. Allen and Andres Jaugerui


This manuscript utilizes Spatial Durbin Modeling to measure the impact of distance to open water on the values of canal front houses in Southwest Florida. Data from 1998 through 2015 are examined to observe how such an impact may vary across different market conditions. The results provide several interesting insights. First, the results confirm that houses with frontage on saltwater canals that afford ocean access are priced higher than (1) houses with no canal frontage and (2) houses on freshwater canals with no ocean access. Second, distance to open water is also a significant price determinant of houses with frontage on saltwater canals. Third, the open water access premium has fluctuated over time, consistent with general economic conditions in this market.

Connotation and Textual Analysis in Real Estate Listings

Journal of Housing Research

Kimberly R. Goodwin, Bennie D. Waller, and H. Shelton Weeks


Real estate listings typically include objective, factual information about property characteristics, along with subjective, descriptive language. How the agent constructs the content of the listing can either encourage or discourage potential buyers from viewing a property. Thus, understanding how buyers are interpreting the language in the listing is essential for effective marketing. This study takes an important first step towards creating a real estate specific dictionary of descriptive terms and measure of favorability.

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Reported Price Errors: A Caveat for Appraisers

Appraisal Journal

Allen, Marcus T.; Lusht, Kenneth M.; Weeks, H. Shelton


This study documents the magnitudes and signs of differences in prices reported in a multiple listing service in comparison to prices reported on HUD-1 Settlement Statements. Price differences are found in 8.75% of the sample, ranging in size from -1.09% to 21.44%. There was about a 2.5/1 ratio of overstated to understated prices, with the largest differences occurring during periods of declining market conditions.

An Analysis of Investment Returns to Condominium Flipping: Evidence from South Florida

Real Estate Finance

H. Shelton Weeks, Marcus T. Allen and Kenneth M. Lusht


This study considers whether or not real estate “flippers” are able to systematically earn significant and positive returns by investing in properties with certain characteristics. Such returns would contradict the notion of market efficiency. Using a sample of repeat sales of residential condominiums in South Florida, the analysis suggests that flippers cannot rely on physical characteristics, location, or value strata to systematically earn positive returns in this market.

The Impact of Broker Vernacular in Residential Real Estate

American Real Estate Society

Kimberly Goodwin, Bennie Waller, H. Shelton Weeks


Real estate brokers develop their own sense of style and methods for entering listings into the MLS. Anecdotally, they may have their own take on what works and what does not, but there is very little evidence to support those theories. In this study, we examine the use of broker vernacular in the multiple listing service (MLS) listing and its impact on selling price, time on market, and probability of sale. What the broker promotes in the MLS listing impacts marketing outcomes. Careful construction of property descriptions can improve listing performance. Additionally, brokers convey meaningful information to each other privately through the MLS.

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Determinants of dividend policies for ADR firms

Managerial Finance

Gizelle F. Perretti, Marcus T. Allen, H. Shelton Weeks


Cross-listed firms may face unique incentives for establishing dividend policies in comparison to US firms. This study aims to test the implications of the lifecycle and signaling theories of dividend policy in the context of non-US firms cross-listed on US stock exchanges via American depository receipts (ADRs).

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The Salary Premium Required for Replacing Management Faculty: Evidence From a National Survey

Journal of Education for Business

J. Howard Finch, Richard S. Allen, H. Shelton Weeks


One of the most important aspects of growing and improving business education is replacing departed faculty members. As the baby-boom generation approaches retirement, the supply of available replacement faculty members is diminishing. The result is a competitive market for replacement faculty that features increasing starting salary levels. In particular, faculty lines that have been occupied for extended time periods need to be marked to market salary levels because annual salary increases rarely keep pace with inflation in the labor market. The authors report the results of a national survey to determine the amount of salary premium required to bring vacated management faculty lines back up to competitive market levels. As business schools struggle to replace retiring and departing faculty, budgets have to account for these premium increases to succeed in an increasingly competitive market for faculty labor.

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