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

Sitian Liu and Yichen Su ()

Economics Letters, 2021, vol. 207, issue C

Abstract: 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.

Keywords: COVID-19; Pandemic; Density; Housing; Telework; Amenity (search for similar items in EconPapers)
JEL-codes: I1 R2 R3 (search for similar items in EconPapers)
Date: 2021
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Related works:
Working Paper: The Impact of the COVID-19 Pandemic on the Demand for Density: Evidence from the U.S. Housing Market (2020) Downloads
Working Paper: The Impact of the COVID-19 Pandemic on the Demand for Density: Evidence from the U.S. Housing Market (2020) Downloads
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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:207:y:2021:i:c:s0165176521002871

DOI: 10.1016/j.econlet.2021.110010

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