Date of Award
Spring 2023
Degree Name
Bachelor of Science (BS)
Advisor(s)
Yuewu Xu
Abstract
This study explores the impact that the makeup of an urban economy has on its respective housing market. The makeup of the local economy was studied using the breakdown of GDP contributions from several different industries. The housing valuations were taken from the annual Case Shiller Home Price Index for that region. It was determined that diversified economies, which rely on relatively even industry contributions to GDP, see housing prices that are much more correlated with the overall local economy than specialized economies, which rely on contributions to GDP from primarily two or three industries. In addition to this, each metropolitan region experienced different key industries that were most correlated with its housing market. Potential applications of this finding include local policymakers prioritizing the correlated industries in a region to boost the local housing market.
Recommended Citation
Mehta, Nikhil, "The Impact of Urban Economies on the Housing Market" (2023). Gabelli School of Business Honors Thesis Collection. 10.
https://research.library.fordham.edu/gabelli_thesis/10
