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Where to buy a house in the United States amid COVID-19?

Author

Listed:
  • Wei Zhai
  • Zhong-Ren Peng

Abstract

Home prices and rent prices in the USA have been growing steadily over the past decade. However, the COVID-19 pandemic has decimated entire sectors of the American economy, which makes the homebuying decision more intricate. We mapped multiple metrics to indicate the best place to buy a house amid COVID-19. For many counties in the central area of the USA, the price-to-rent ratio highly recommends people to buy a house, but the home prices have declined since the outbreak of COVID-19. The price-to-rent ratio and increasing home price suggest that people should not buy a home in big coastal cities under the current circumstances.

Suggested Citation

  • Wei Zhai & Zhong-Ren Peng, 2021. "Where to buy a house in the United States amid COVID-19?," Environment and Planning A, , vol. 53(1), pages 9-11, February.
    • Handle: RePEc:sae:envira:v:53:y:2021:i:1:p:9-11
    DOI: 10.1177/0308518X20946041
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    Cited by:

    1. Wei Zhai & Haoyu Yue, 2022. "Economic resilience during COVID-19: An insight from permanent business closures," Environment and Planning A, , vol. 54(2), pages 219-221, March.

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