Spatial Variation in the 2020 Housing Market Decline and Recovery
Posted: 2 Jun 2021 Last revised: 17 Jun 2021
Date Written: May, 2021
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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