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Spatial Variation in the 2020 Housing Market Decline and Recovery

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Abstract

After plunging in the spring due to the COVID-19 pandemic, residential investment had a strong recovery in the second half of 2020. The initial decline resulted from both a disruption in activity due to social distancing, a broad-based drop in demand from economic uncertainty, and reduced access to credit (DeSanctis 2020).

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  • Nathan Ausubel & Brigitte Roth Tran, 2021. "Spatial Variation in the 2020 Housing Market Decline and Recovery," FEDS Notes 2021-05-24-2, Board of Governors of the Federal Reserve System (U.S.).
    • Handle: RePEc:fip:fedgfn:2021-05-24-2
    DOI: 10.17016/2380-7172.2905
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