Foreign Demand and Local House Prices : Evidence from the US /

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 foreig...

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Bibliographic Details
Main Author: Puy, Damien
Other Authors: Ari, Anil, Shi, Yu
Format: Journal
Language:English
Published: Washington, D.C. : International Monetary Fund, 2020.
Series:IMF Working Papers; Working Paper ; No. 2020/043
Online Access:Full text available on IMF