Researcher ORCID Identifier
0000-0002-4442-8477
Graduation Year
2022
Document Type
Campus Only Senior Thesis
Degree Name
Bachelor of Arts
Department
Economics
Reader 1
Nicholas Kacher
Reader 2
Roberto Pedace
Terms of Use & License Information
Rights Information
2022 Maria D Heeter
Abstract
This study examines whether the rent-price ratio predicts future rental growth and housing price growth in metropolitan areas using time fixed-effects panel regression models. Analyzing county-level 1- year American Community Survey Census data, this study finds evidence that the rent-price ratio helps predict changes in real house prices over four-year periods, but that the rent-price ratio does not hold predictive power over changes in real rents over the same period. The results add to a body of work that acknowledges the rent-price ratio as a potential predictor of changes in real rents and housing prices, given available price and rental data.
Recommended Citation
Heeter, Maria Denali, "Housing values and rents across United States metropolitan areas: Further cross-section examination of the present value model" (2022). Scripps Senior Theses. 1880.
https://scholarship.claremont.edu/scripps_theses/1880
This thesis is restricted to the Claremont Colleges current faculty, students, and staff.
