Social Networks and Housing Markets

BODY:
In this presentation, Dr. Stroebel presents research on how house price changes occurring within the geographical area of an individual’s social network impact his/her perception of property prices and the decision to purchase real estate. The authors use a data set that links anonymized social network information from Facebook users who lived in Los Angeles in 2010 to individual-level demographic and housing transactions data and survey data about the individual’s beliefs about housing market investments.