Flattening the curve: Pandemic-Induced revaluation of urban real estate

نویسندگان

چکیده

We show that the COVID-19 pandemic brought house price and rent declines in city centers, increases away from center, thereby flattening bid-rent curve most U.S. metropolitan areas. Across MSAs, of is larger when working home more prevalent, housing markets are regulated, supply less elastic. Housing predict an urban revival with growth exceeding suburban for foreseeable future, as recedes.

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ژورنال

عنوان ژورنال: Journal of Financial Economics

سال: 2022

ISSN: ['1879-2774', '0304-405X']

DOI: https://doi.org/10.1016/j.jfineco.2021.10.008