Timothy Savage Ph.D.

Timothy H. Savage is a Clinical Assistant Professor at the NYU Schack Institute of Real Estate, where he is the Faculty Director of the CREFC Center for Real Estate Finance. He is the former Senior Managing Economist and Principal Data Scientist of CBRE Econometric Advisors (the former Torto Wheaton Research Group). Tim is an economist with nearly 25 years of experience at international consulting firms such as Charles River Associates and Navigant Consulting. His focus is the use of machine learning to evaluate business strategy, in particular the uses of Bayesian analysis and Monte Carlo simulation. He speaks frequently to institutional investors in commercial real estate on macroeconomics, monetary and fiscal policy, and the potential impacts of big data and technological disruption. His research has been twice discussed in the Economist.

He has addressed the National League of Cities on uses of big data in policymaking, the National Association of Realtors on macroeconomics and monetary policy and the Argus Group on machine learning’s applications to CRE. His comments have appeared in Axios, Bisnow, CNN, The Commercial Observer, Crain’s New York, The New York Daily News, The New York Post, The New York Times, GlobeSt, PERE Magazine, Pix 11, PropModo, REBNY, Ready2Scale, the Wall Street Journal, ULI’s Urban Land Magazine and Vox Media. He is a former Distinguished Fellow of the NAIOP Research Foundation, a member of the invitation-only Counselors of Real Estate (CRE) and a mentor at the Real Estate Research Institute (RERI). He is the chief economic advisor to Haystacks.AI, which is focused on the single-family rental and build-to-rent markets. Tim holds a Ph.D. in economics from the University of North Carolina at Chapel Hill with concentrations in microeconomics and econometrics.