Impact of the COVID-19 pandemic on the housing market at the epicenter of the outbreak in China.

ABSTRACT: The outbreak of the COVID-19 in January 2020 has had a profound impact on the global economy, so it is important to study the impact of the pandemic on the housing market. To investigate the impact of the pandemic on the housing market and the response of the housing market, this paper first uses the hedonic price model to compile the second-hand housing price index in Wuhan and its neighboring capital cities and then uses the difference-in-difference (DID) model to conduct a comprehensive study on new commercial housing and second-hand housing market. In addition, this paper also uses the VAR model to explore the housing market's response to the epidemic situation. The results show that the negative impact of the pandemic on the housing market is mainly reflected in the volume and area of

SUBMITTER: Zeng S 

PROVIDER: S-EPMC9105594 | biostudies-literature | 2022

REPOSITORIES: biostudies-literature