Residential Housing Prices, COVID-19 and the Role of the Vaccination Program: Evidence from US State Panel Data
Author
Start Page / End Page
Volume
Issue Number
Year
Publication
Nicholas Apergis
461 / 478
25
4
2022
International Real Estate Review
Abstract
This paper makes use of residential housing prices across US states, along with COVID-19 confirmed cases and deaths, to explore the impact of COVID-19 on housing prices. The work also investigates the role of the vaccination program on those prices. The panel estimates document the negative impact of COVID-19 metrics on housing prices, but when the vaccination program is underway, this impact disappears. The results are robust across US regions as well.
Keywords
US housing prices, COVID-19, vaccination program, state panel data
JEL
R2, R3, I1, C3