William C. Wheaton is Professor Emeritus from MIT's Department of Economics and is still teaching the MIT Center for Real Estate’s graduate core course in Real Estate Economics. As a founding faculty member and former director of the MIT Center for Real Estate, he has been on the MIT faculty since 1972. Wheaton was instrumental in developing the field of urban economics by pioneering the theory of how land, location, and housing markets jointly operate. He was the first economist to apply econometric methods to the forecasting of real estate markets and actively works with firms in the real estate profession to better understand the fluctuations and trends of the industry. He has also specialized in the problems of urban infrastructure and local government finance. He has written numerous articles in scholarly journals throughout the world, and with Denise DiPasquale, is the author of Urban Economics and Real Estate Markets, the first text book to cover the real estate application of economic analysis.