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Parallel Worlds? The Partisan Effects of COVID-19 on Real Estate

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  • Christopher Azevedo

    (University of Central Missouri)

  • David Johnson

    (University of Central Missouri)

Abstract

Differences in how Republicans and Democrats responded to COVID-19 resulted in differences in the functioning of housing markets. Democrats adjusted behavior more than Republicans in response to the pandemic. Democrats engaged in more social distancing, were less likely to have people into their homes, and were less willing to visit strangers’ homes. This resulted in supply effects that caused higher housing prices, fewer listings, and fewer days on the market for counties with lower support for former president Donald Trump in the 2020 election. We find no impact of state-imposed shutdowns or population density when political partisanship is accounted for.

Suggested Citation

  • Christopher Azevedo & David Johnson, 2025. "Parallel Worlds? The Partisan Effects of COVID-19 on Real Estate," Eastern Economic Journal, Palgrave Macmillan;Eastern Economic Association, vol. 51(1), pages 112-143, January.
    • Handle: RePEc:pal:easeco:v:51:y:2025:i:1:d:10.1057_s41302-024-00285-2
    DOI: 10.1057/s41302-024-00285-2
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    References listed on IDEAS

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    More about this item

    Keywords

    COVID-19; Real estate; Partisanship;
    All these keywords.

    JEL classification:

    • R30 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Real Estate Markets, Spatial Production Analysis, and Firm Location - - - General
    • R21 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Household Analysis - - - Housing Demand
    • R23 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Household Analysis - - - Regional Migration; Regional Labor Markets; Population

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