Why do national cycles in house prices affect some regions more than others? And how do shocks to local economies spread between regions? In this presentation, Gregor Schubert, a PhD candidate in business economics and Meyer Fellow, will discuss his research indicating that when local economic shocks and housing supply constraints combine to drive up house prices in one region they also spur out-migration to other regions. These migration flows are more likely to affect regions with stronger pre-existing migration links to the origin areas, and therefore lead to increased house prices in the destination areas.