Plausibly Exogenous [1168] - House Price Beliefs (04/14/2023)
LHS Variable
Mortgage leverage choices
RHS Variable
Homebuyers’ beliefs about future house price changes
Source of Exogenous Variation
Recent house price experiences of an individual’s geographically distant friends affect her beliefs about the attractiveness of local housing market investments
- Bailey, Davila, Kuchler, and Stroebel (2019), “House Price Beliefs And Mortgage Leverage Choice”