Real Estate Professor Publishes Research on the Effect of COVID-19 Shutdown Orders on the Residential Market

Professor Walter D'Lima's recent research focuses on the effect of COVID-19 shutdown orders on the residential market. The study uses transaction data from a large number of Multiple Listing Services across the U.S. and documents a significant decrease in listings in the shutdown and re-opening periods. In addition, the study finds differential pricing effects across property types with larger and higher value properties trading at a discount in the re-opening period. Overall, the study highlights the role of search related frictions induced by shutdown orders.

The paper is available here: COVID-19 and Housing Market Effects: Evidence from U.S. Shutdown Orders