San Francisco’s Housing Price Surge: Strained Market Fundamentals or Exaggerated Expectations?
Date of Submission
Campus Only Senior Thesis
Bachelor of Arts
Richard C.K. Burdekin
© 2015 Emily Zhang
This paper uses time series regressions to examine whether San Francisco’s housing price surge is due to strained market fundamentals or due to speculation. This paper uses and manipulates monthly and quarterly data related to the San Francisco housing market. Regressions focus on the following independent variables: past housing prices, value appreciation, new building unit permits, employee growth, technology activity, nonperforming loans, and interest margins. The results show that those lagged variables explain a reasonable portion of current housing price movements. However, in terms of current events, this paper cannot rule out the possibility that speculation is driving a new housing bubble in San Francisco.
Zhang, Emily, "San Francisco’s Housing Price Surge: Strained Market Fundamentals or Exaggerated Expectations?" (2016). CMC Senior Theses. 1288.
This thesis is restricted to the Claremont Colleges current faculty, students, and staff.