The impact of the COVID-19 pandemic on the demand for density: Evidence from the U.S. housing market

We study the impact of the COVID-19 pandemic on the location demand for housing. We find that the pandemic has led to a shift in housing demand away from neighborhoods with high population density. The reduced demand for density is driven partially by the diminished need for living close to telework...

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Detalles Bibliográficos
Autores principales: Liu, Sitian, Su, Yichen
Formato: Online Artículo Texto
Lenguaje:English
Publicado: Elsevier B.V. 2021
Materias:
Article
Acceso en línea:https://www.ncbi.nlm.nih.gov/pmc/articles/PMC8439176/
https://www.ncbi.nlm.nih.gov/pubmed/34538990
http://dx.doi.org/10.1016/j.econlet.2021.110010
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author Liu, Sitian
Su, Yichen
author_facet Liu, Sitian
Su, Yichen
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description We study the impact of the COVID-19 pandemic on the location demand for housing. We find that the pandemic has led to a shift in housing demand away from neighborhoods with high population density. The reduced demand for density is driven partially by the diminished need for living close to telework-compatible jobs and the declining value of access to consumption amenities. Neighborhoods with high pre-COVID-19 home values also see a greater drop in housing demand. Moreover, we find a significant shift in housing demand away from large cities, though the magnitude is smaller.
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spelling pubmed-84391762021-09-14 The impact of the COVID-19 pandemic on the demand for density: Evidence from the U.S. housing market Liu, Sitian Su, Yichen Econ Lett Article We study the impact of the COVID-19 pandemic on the location demand for housing. We find that the pandemic has led to a shift in housing demand away from neighborhoods with high population density. The reduced demand for density is driven partially by the diminished need for living close to telework-compatible jobs and the declining value of access to consumption amenities. Neighborhoods with high pre-COVID-19 home values also see a greater drop in housing demand. Moreover, we find a significant shift in housing demand away from large cities, though the magnitude is smaller. Elsevier B.V. 2021-10 2021-07-22 /pmc/articles/PMC8439176/ /pubmed/34538990 http://dx.doi.org/10.1016/j.econlet.2021.110010 Text en © 2021 Elsevier B.V. All rights reserved. Since January 2020 Elsevier has created a COVID-19 resource centre with free information in English and Mandarin on the novel coronavirus COVID-19. The COVID-19 resource centre is hosted on Elsevier Connect, the company's public news and information website. Elsevier hereby grants permission to make all its COVID-19-related research that is available on the COVID-19 resource centre - including this research content - immediately available in PubMed Central and other publicly funded repositories, such as the WHO COVID database with rights for unrestricted research re-use and analyses in any form or by any means with acknowledgement of the original source. These permissions are granted for free by Elsevier for as long as the COVID-19 resource centre remains active.
spellingShingle Article
Liu, Sitian
Su, Yichen
The impact of the COVID-19 pandemic on the demand for density: Evidence from the U.S. housing market
title The impact of the COVID-19 pandemic on the demand for density: Evidence from the U.S. housing market
title_full The impact of the COVID-19 pandemic on the demand for density: Evidence from the U.S. housing market
title_fullStr The impact of the COVID-19 pandemic on the demand for density: Evidence from the U.S. housing market
title_full_unstemmed The impact of the COVID-19 pandemic on the demand for density: Evidence from the U.S. housing market
title_short The impact of the COVID-19 pandemic on the demand for density: Evidence from the U.S. housing market
title_sort impact of the covid-19 pandemic on the demand for density: evidence from the u.s. housing market
topic Article
url https://www.ncbi.nlm.nih.gov/pmc/articles/PMC8439176/
https://www.ncbi.nlm.nih.gov/pubmed/34538990
http://dx.doi.org/10.1016/j.econlet.2021.110010
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