Gorback, Caitlin S. - 2020
foreign demand affects U.S. housing markets, and uses this demand shock to estimate local price elasticities of supply. Other … shock and estimate local house price and quantity elasticities with respect to international capital. We find that a 1 ….004%. Finally, we use the two elasticities to construct new local house price elasticities of supply for the largest 100 CBSAs …