[HTML][HTML] The short-and long-run effects of remote work on US housing markets

G Howard, J Liebersohn, A Ozimek - Journal of Financial Economics, 2023 - Elsevier
Remote work has increased the demand for housing and changed the demand for the
location of that housing. Because housing supply is heterogeneous across space and more …

Housing demand and remote work

JA Mondragon, J Wieland - 2022 - nber.org
What explains record US house price growth since late 2019? We show that the shift to
remote work explains over one half of the 23.8 percent national house price increase over …

Housing consumption and the cost of remote work

CT Stanton, P Tiwari - 2021 - nber.org
This paper estimates housing choice differences between households with and without
remote workers. Prior to the pandemic, the expenditure share on housing was more than …

Why is the rent so darn high? The role of growing demand to live in housing-supply-inelastic cities

G Howard, J Liebersohn - Journal of Urban Economics, 2021 - Elsevier
Real rents measured in the United States CPI increased 17.4 log-points from 2000 to 2018.
We present a spatial equilibrium framework to decompose the increase into several …

[PDF][PDF] Work from home and the office real estate apocalypse

A Gupta, V Mittal, S Van Nieuwerburgh - 2022 - aeaweb.org
We show remote work led to large drops in lease revenues, occupancy, lease renewal rates,
and market rents in the commercial office sector. We revalue New York City office buildings …

The remote work revolution: Impact on real estate values and the urban environment: 2023 AREUEA Presidential Address

S Van Nieuwerburgh - Real Estate Economics, 2023 - Wiley Online Library
The covid‐19 pandemic induced a major shift in the prevalence of remote and hybrid work
arrangements. This review article studies the effects of this remote work revolution for …

Spatial implications of telecommuting

M Delventhal, A Parkhomenko - Available at SSRN 3746555, 2023 - papers.ssrn.com
We build a quantitative spatial model in which some workers can substitute on-site effort with
work done from home. Ability and propensity to telecommute vary by education and industry …

The microgeography of housing supply

N Baum-Snow, L Han - Journal of Political Economy, 2024 - journals.uchicago.edu
We perform a comprehensive neighborhood-level analysis of housing supply. Predictions of
floor space and housing unit supply elasticities using our estimates average 0.5 and 0.3 …

JUE Insight: How do cities change when we work from home?

MJ Delventhal, E Kwon, A Parkhomenko - Journal of Urban Economics, 2022 - Elsevier
How would the shape of our cities change if there were a permanent increase in working
from home? We study this question using a quantitative model of the Los Angeles …

A new spatial hedonic equilibrium in the emerging work-from-home economy?

JK Brueckner, ME Kahn, GC Lin - American Economic Journal: Applied …, 2023 - aeaweb.org
This paper studies the impacts of work from home (WFH) in the housing market from both
intercity and intracity perspectives. Our results confirm the theoretical prediction that WFH …