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The impact of the COVID-19 pandemic on the demand for density: Evidence from the U.S. housing market
Economics Letters ( IF 1.469 ) Pub Date : 2021-07-22 , DOI: 10.1016/j.econlet.2021.110010
Sitian Liu 1 , Yichen Su 2
Affiliation  

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.



中文翻译:

COVID-19 大流行对密度需求的影响:来自美国住房市场的证据

我们研究了 COVID-19 大流行对住房选址需求的影响。我们发现,大流行导致住房需求从人口密度高的社区转移。对密度需求的减少部分是由于居住在与远程工作兼容的工作附近的需求减少以及使用消费便利设施的价值下降。COVID-19 之前房屋价值较高的社区的住房需求也出现了更大的下降。此外,我们发现住房需求明显从大城市转移,尽管幅度较小。

更新日期:2021-07-30
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