This paper studies the differences in the real estate markets of Los Angeles County and New York County in order to understand what variables contribute most to their growth by using national and local data from the period between 1987 and 2012. I conduct two separate multiple regressions to show that local variables tend to have a bigger impact on real estate growth than national variables. I also find that there is a significant difference between most of the variables depending on location. Overall, it is found that over fifty percent of the observed variables contribute to real estate growth in LA County. However, two thirds of the observed variables lead to real estate market decline in NY County. These findings show that NY County does not see as much growth as LA County.
| Identifer | oai:union.ndltd.org:CLAREMONT/oai:scholarship.claremont.edu:cmc_theses-1814 |
| Date | 01 January 2013 |
| Creators | Moore, Bryanna |
| Publisher | Scholarship @ Claremont |
| Source Sets | Claremont Colleges |
| Detected Language | English |
| Type | text |
| Format | application/pdf |
| Source | CMC Senior Theses |
| Rights | © 2013 Bryanna Moore |
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