Abstract
Home prices and rent prices in the USA have been growing steadily over the past decade. However, the COVID-19 pandemic has decimated entire sectors of the American economy, which makes the homebuying decision more intricate. We mapped multiple metrics to indicate the best place to buy a house amid COVID-19. For many counties in the central area of the USA, the price-to-rent ratio highly recommends people to buy a house, but the home prices have declined since the outbreak of COVID-19. The price-to-rent ratio and increasing home price suggest that people should not buy a home in big coastal cities under the current circumstances.
| Original language | English |
|---|---|
| Pages (from-to) | 9-11 |
| Number of pages | 3 |
| Journal | Environment and Planning A: Economy and Space |
| Volume | 53 |
| Issue number | 1 |
| Early online date | 25 Jul 2020 |
| DOIs | |
| Publication status | Published - 1 Feb 2021 |
User-Defined Keywords
- COVID-19
- home price
- rent-versus-buy decision