Where to buy a house in the United States amid COVID-19?

Wei Zhai and Zhong-Ren Peng

Environment and Planning A, 2021, vol. 53, issue 1, 9-11

Abstract: Home prices and rent prices in the USA have been growing steadily over the past decade. However, the COVID-19 pandemic has decimated entire sectors of the American economy, which makes the homebuying decision more intricate. We mapped multiple metrics to indicate the best place to buy a house amid COVID-19. For many counties in the central area of the USA, the price-to-rent ratio highly recommends people to buy a house, but the home prices have declined since the outbreak of COVID-19. The price-to-rent ratio and increasing home price suggest that people should not buy a home in big coastal cities under the current circumstances.

Keywords: COVID-19; home price; rent-versus-buy decision (search for similar items in EconPapers)
Date: 2021
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:sae:envira:v:53:y:2021:i:1:p:9-11

DOI: 10.1177/0308518X20946041

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