kmarch29 kmarch29

17-04-2024
English

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summarize:
Quote 1: “In Housing Demand and Remote Work (NBER Working Paper 30041), John A. Mondragon and Johannes Wieland find that the shift to remote work induced by COVID-19 caused a large increase in housing demand and accounted for at least half of recent aggregate house price growth. They offer a fundamentals-based explanation for the record increase in house prices and suggest that the future trajectory of remote work may be a key determinant of housing demand and house prices in the future” (National Bureau of Economic Research, 2022, p. 1)

Quotes 2: “One additional percentage point of workers engaged in remote work during the pandemic implies an additional 0.93 percent increase in house prices from December 2019 to November 2021 after controlling for the effect of net migration on house prices” (National Bureau of Economic Research, 2022, p. 1)

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