Showing 1 - 10 of 2,294
, financial security, and mental health. We find that assistance increased rent payment modestly and improved mental health …
Persistent link: https://www.econbiz.de/10014544741
Urban economists understand housing prices with a spatial equilibrium approach that assumes people must be indifferent across locations. Since the spatial no arbitrage condition is inherently imprecise, other economists have turned to different no arbitrage conditions, such as the prediction...
Persistent link: https://www.econbiz.de/10012464942
This paper studies the impacts of work-from-home (WFH) in the housing market from both intercity and intracity perspectives. Our results confirm the theoretical prediction that WFH puts downward pressure on housing prices and rents in high-productivity counties, a result of workers starting to...
Persistent link: https://www.econbiz.de/10012496079
The covid-19 pandemic induced a major shift in the prevalence of remote and hybrid work arrangements. This article reviews the effects of this remote work revolution for residential and commercial real estate values and for the future of cities. It also discusses consequences for productivity,...
Persistent link: https://www.econbiz.de/10013462710
What explains record U.S. house price growth since late 2019? We show that the shift to remote work explains over one half of the 23.8 percent national house price increase over this period. Using variation in remote work exposure across U.S. metropolitan areas we estimate that an additional...
Persistent link: https://www.econbiz.de/10013210069
This paper presents a simple model of trade in the housing market. The crucial feature is that a minimum downpayment is required for the purchase of a new home. The model has direct implications for the volatility of house prices, as well as for the correlation between prices and trading volume....
Persistent link: https://www.econbiz.de/10012474650
We provide evidence of intensified discriminatory behavior by landlords in the rental housing market during the eviction moratoria instituted during the COVID-19 pandemic. Using data collected from an experiment that involved more than 25,000 inquiries of landlords in the 50 largest cities in...
Persistent link: https://www.econbiz.de/10014512143
We exploit quasi-experimental variation in assignment of rent control to study its impacts on tenants, landlords, and … the overall rental market. Leveraging new data tracking individuals' migration, we find rent control increased renters …' probabilities of staying at their addresses by nearly 20%. Landlords treated by rent control reduced rental housing supply by 15 …
Persistent link: https://www.econbiz.de/10012453532
More than two million U.S. households have an eviction case filed against them each year. Policymakers at the federal, state, and local levels are increasingly pursuing policies to reduce the number of evictions, citing harm to tenants and high public expenditures related to homelessness. We...
Persistent link: https://www.econbiz.de/10013362036
By constraining an individual's choice during a search, housing discrimination distorts sorting decisions away from true preferences and results in a ceteris paribus reduction in welfare. This study combines a large-scale field experiment with a residential sorting model to derive...
Persistent link: https://www.econbiz.de/10012599339