Graduation Year
2023
Date of Submission
4-2023
Document Type
Open Access Senior Thesis
Degree Name
Bachelor of Arts
Department
Economics
Reader 1
Benajmin Gillen
Terms of Use & License Information
Abstract
This paper examines the impact of institutional investors on single-family housing markets, analyzing six dependent variables and two independent variables across 39 metropolitan cities. Despite receiving significant media attention during the COVID-19 pandemic, the study finds that the impact of institutional investors on median sale price is small and negative. However, institutional investors significantly impact other aspects of the housing market, including homes sold, new listings, inventory, days on market, and average-sale-to-list ratios. The results suggest that institutional investors are creating a more productive market, with transactions happening more quickly and more often. In light of these findings, policy discussions around the role of institutional investors in the housing market can benefit from insights into the complex pricing effects of their investment activities. The following section will summarize the main findings and offer recommendations for future research.
Recommended Citation
Harvego, Henry, "Institutional Capital Effect’s on Single-Family Housing Markets" (2023). CMC Senior Theses. 3371.
https://scholarship.claremont.edu/cmc_theses/3371
