Facebook a very popular social networking site can now not only get you more likes and comments, it can also effect the price of your home if you try to sell one, say analysts.

Residence prices can increase through social networks like a virus and friends on Facebook can have too much of an impact on what one income for a home.

Researchers of United States National Bureau of Economic Research, Persons whose friends are admitting resident price hike were eager to pay extra for a residence.

Study has done by Facebook business analyst, Michael Bailey, Harvard University’s Ruiqing Cao and Johannes Stroebel and Theresa Kuchler from New York University’s Stern School of Business they united Facebook audit data with civic record clue on residence purchase.

New Zealand Herald reported, they looked at friends who were ‘’ geographically apart’’ and their social networks to asset the response.

The analysis showed ‘’ If people’s faraway friends were from places where residential prices rose by 5% heavy than normal in the last 2 years, they were more acceptable to purchase a residence by 3.1 %, paid for a house 1.7% larger and compensated 3.3% more for a given residence.

The case was excessive, matching,’’ likewise 520,000 housing purchases in country Los Angeles since 1993 to the social site Facebook account of the various residence clients’’.

The case study added, Only whose friends practice larger novel residence price raises were more assured about investments in property.