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

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.

SUBMITTER: Liu S

PROVIDER: S-EPMC8439176 | biostudies-literature | 2021 Oct

REPOSITORIES: biostudies-literature

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

Liu Sitian S Su Yichen Y

Economics letters 20210722

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 ...[more]

PMID: 34538990

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