## Figure 3.13. Greater Financial Openness Is Associated with Higher House Price Synchronization

## Source details

**Canonical URL:** [Figure 3.13. Greater Financial Openness Is Associated with Higher House Price Synchronization](https://www.imf.org/-/media/files/publications/gfsr/2018/april/chapter-3/csv/figure3-13.csv)

## Other formats

- [Markdown version](/-/media/files/publications/gfsr/2018/april/chapter-3/csv/figure3-13.csv.md)
- [Structured JSON version](/-/media/files/publications/gfsr/2018/april/chapter-3/csv/figure3-13.csv.json)

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### Dataset description
- Title: Figure 3.13. Greater Financial Openness Is Associated with Higher House Price Synchronization
- Variables (columns):
  - "Capital account openness"
  - "House price synchronicity (percent)"
- Observations are grouped by capital account openness categories and report house price synchronicity measured as the share of variation in house price growth from 2002 to 2016 explained by a common global factor.

### Key statistics
- Less than 0: 13.79351586
- 0 to 2: 25.24910884
- More than 2: 45.682086

### Notes and methodology
- Sources: Chinn and Ito 2006; and IMF staff estimates.
- Note: Synchronicity is measured by the share of the variation in house price growth from 2002 to 2016 explained by a common global factor in the dynamic factor model. See Annexes 3.2 and 3.3 for more details on methodologies.

*Sources: Chinn and Ito 2006; and IMF staff estimates.*

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_Source: https://www.imf.org/-/media/files/publications/gfsr/2018/april/chapter-3/csv/figure3-13.csv_