How Long to Read Foreign Demand and Local House Prices: Evidence from the US

How Long Does it Take to Read Foreign Demand and Local House Prices: Evidence from the US?

It takes the average reader and 31 minutes to read Foreign Demand and Local House Prices: Evidence from the US by Mr.Damien Puy

Assuming a reading speed of 250 words per minute. Learn more

Description

We test whether foreign demand matters for local house prices in the US using an identification strategy based on the existence of “home bias abroad” in international real estate markets. Following an extreme political crisis event abroad, a proxy for a strong and exogenous shift in foreign demand, we show that house prices rise disproportionately more in neighbourhoods with a high concentration of population originating from the crisis country. This effect is strong, persistent, and robust to the exclusion of major cities. We also show that areas that were already expensive in the late 1990s have experienced the strongest foreign demand shocks and the biggest drop in affordability between 2000 and 2017. Our findings suggest a non-trivial causal effect of foreign demand shocks on local house prices over the last 20 years, especially in neighbourhoods that were already rather unaffordable for the median household.

How long is Foreign Demand and Local House Prices: Evidence from the US?

Foreign Demand and Local House Prices: Evidence from the US by Mr.Damien Puy is 31 pages long, and a total of 7,781 words.

This makes it 10% the length of the average book. It also has 10% more words than the average book.

How Long Does it Take to Read Foreign Demand and Local House Prices: Evidence from the US Aloud?

The average oral reading speed is 183 words per minute. This means it takes and 42 minutes to read Foreign Demand and Local House Prices: Evidence from the US aloud.

What Reading Level is Foreign Demand and Local House Prices: Evidence from the US?

Foreign Demand and Local House Prices: Evidence from the US is suitable for students ages 8 and up.

Note that there may be other factors that effect this rating besides length that are not factored in on this page. This may include things like complex language or sensitive topics not suitable for students of certain ages.

When deciding what to show young students always use your best judgement and consult a professional.

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