Tuesday, April 10, 2018
Global Investors, House Price Dispersion, and Synchronicity
From IMF’s Global Financial Stability Report – April 2018:
“House price dispersion can be used as a proxy for demand from high-net-worth foreign investors with a preference for luxury housing. Using granular data from the US housing market, this box finds that house price dispersion in the United States has increased sharply over recent decades, and it increases when house prices in alternative investment destinations outside the United States rise. Both findings point to global investors contributing to house price synchronicity across cities and countries.”
Continue reading here.
Posted by at 10:29 AM
Labels: Global Housing Watch
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