What is Airbnb's impact on housing prices?

Posted at 8:59 PM, Oct 23, 2017
and last updated 2017-10-23 23:02:57-04

DENVER -- New research is raising questions about the impact of Airbnb on housing and rental rates.    
As first reported in the Wall Street Journal, researchers from UCLA in a yet to be completed report looked at the impact of Airbnb in the 100 largest markets in the United States from 2012-2016.
Rents prices jumped by about 0.39 percent; housing prices surged by 0.64 percent.
In Denver, any surge may have stopped since new regulations were put into place. Earlier this year, Denver's City Council put new restrictions in place, preventing Airbnb hosts from renting multiple properties -- they can only rent the home or condo where they live.  

Among the reasons for the restrictions: helping to stabilize home prices.
"I would say it did, prior to city council regulations," said University of Denver professor, David Corsun. 

“I think there's certainly still a lot of Airbnb activity, but the Airbnb hosts are now paying hotel tax, and the regulations make it more challenging, but not impossible to do business as an Airbnb host," he added.