COVID-19, Political Orientation and Residential Real Estate Prices

21 Pages Posted: 1 Oct 2020

See all articles by Zinat S. Alam

Zinat S. Alam

University of North Texas, College of Business Administration, Department of Finance, Insurance Real Estate and Law

Md Miran Hossain

University of North Carolina at Wilmington - Cameron School of Business - Department of Economics and Finance

Date Written: September 30, 2020

Abstract

This paper investigates whether political orientation influences residential real estate prices and returns during COVID-19 pandemic. Using county level housing data from January to June 2020, we document that Democratic counties, politically aligned counties, counties with higher prosocial scores and greater liberal news viewership experience a significant decline in house prices and returns in response to COVID-19 cases and deaths. Overall, our findings suggest that political orientation is an important dimension that affect asset prices.

Keywords: COVID-19, Real Estate, Asset Pricing

JEL Classification: G4, G12, R10

Suggested Citation

Alam, Zinat S. and Hossain, Md Miran, COVID-19, Political Orientation and Residential Real Estate Prices (September 30, 2020). Available at SSRN: https://ssrn.com/abstract=3702589 or http://dx.doi.org/10.2139/ssrn.3702589

Zinat S. Alam

University of North Texas, College of Business Administration, Department of Finance, Insurance Real Estate and Law ( email )

1155 Union Circle #305340
Denton, TX 76203
United States

Md Miran Hossain (Contact Author)

University of North Carolina at Wilmington - Cameron School of Business - Department of Economics and Finance ( email )

Wilmington, NC 28403
United States

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