%0 Report
        %A Fortin, Nicole M.
%A Hill, Andrew J.
%A Huang, Jeff
        %T Superstition in the Housing Market
        %D 2013
        %8 2013 Jul
        %I Institute of Labor Economics (IZA)
        %C Bonn
        %7 IZA Discussion Paper
        %N 7484
        %U https://www.iza.org/index.php/publications/dp7484
        %X We provide the first solid evidence that Chinese superstitious beliefs can have significant effects on house prices in a North American market with a large immigrant population. Using real estate data on close to 117,000 house sales, we find that houses with address number ending in four are sold at a 2.2% discount and those ending in eight are sold at a 2.5% premium in comparison to houses with other addresses. These price effects are found either in neighborhoods with a higher than average percentage of Chinese residents, consistent with cultural preferences, or in repeated transactions, consistent with speculative behavior.
        %K housing markets efficiency
%K lucky Chinese numbers
%K superstition
%K immigration