Dwelling Value and Foreign-born Population Distribution: A Look atAmerican Housing Market Open Access

Abstract

Depending on the data from American Community Survey from 2007 to 2015, this paper tests the relationship between the dwelling value on metropolitan statistical areas and the total number of foreign-born population. The coming foreign-born population stimulates the demand for dwelling, but however, it also encourages the natives to out-migrate in the area. The foreign-born population reallocates the population on foreign-born and local natives and thus change the demand group for housing market. This paper examines the response of median housing value on American metropolitan statistical areas towards the increasing foreign-born population and alternation of changing of demand group for dwellings. This paper finds out that 1 percent coming immigration population is consistent with 0.04 percent increase in dwelling value for the metropolitan statistical areas from 2007 to 2015.

Table of Contents

I. Introduction …………………………………………………………………… 1

II. Literature Review .…………………………………………………………….. 5

III. Methods ……………………………………………………………………….. 10

a. Model ………………………………………………………………….. 10b.

Variables ………………………………………………………………. 12

IV. Results ………………………………………………………………………… 15

a. Summarization ……………………………………………………….... 15b.

Regression ………………………………………………………...…… 17

V. Conclusion and Discussion …………………………….……………………… 20

References ………………………………………………………………………………22

Tables ………………………………………………………………………………..… 25

a. Table 1: Sample Means and Standard Deviation of All Variables by Year ……………………………………………………………………. 25

b. Table 2: OLS Regression on Median Housing Price by all Metropolitan Statistical Area from 2007 to 2015 ……………………………………. 26

Appendix ………………………………………………………………………………. 27

About this Honors Thesis

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School	Emory College
Department	Economics
Degree	B.A.
Submission	Honors Thesis
Language	English
Research Field	Economics, General Sociology, Individual and Family Studies
Keyword	Foreign-born population distribution Housing price
Committee Chair / Thesis Advisor	McCarthy, Ian M, Emory University
Committee Members	Francis-Tan, Andrew, Emory University La Fleur, Steven James, Emory University

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