Assistant Professor of Finance
Economist Gregor Schubert researches housing finance, urban economics, real estate, labor economics and corporate finance, most recently focusing on how urban migration networks affect housing markets. Schubert’s latest research considers the variation in house price growth during national boom and bust cycles. He argues that the systematic differences in the degree to which geographic housing markets are affected by common economic shocks can be explained by patterns of migration between U.S. metropolitan areas. Increases in housing costs can cause workers to leave a region in pursuit of more affordable housing elsewhere.
Major cities reliably feed residents to the same smaller markets, and housing booms predictably travel with them
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Less diligent as shoppers, such buyers help drive up home prices
Nurses, cosmetologists and other professionals find wages suppressed more than many lower-skilled workers