How COVID-19 Shaped the Housing Market

 

The COVID-19 pandemic changed just about everything in the world as we know it—including the housing market.

A new, two-part study from the Bright MLS research team in collaboration with George Mason University examines how the pandemic changed the landscape of real estate.

 

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Part 1 – The Effects of Federal Policy

We examine the federal government’s attempts to thwart an economic crisis with aggressive fiscal and monetary policy. The result was historically low mortgage rates and a supercharged housing market with sky-high demand—followed by rising inflation and interest rates, plus locked-down housing supply.

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Part 2 – The Effects of Remote Work

We focus on how the work-from-home surge during the COVID era affected the real estate market, fueling demand in some farther-out areas. The work-from-home effect is strongly related to the types of jobs in a region and the likelihood workers will continue to work remotely. We explore whether work-from-home has permanently changed housing market preferences.

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Review and share the findings of this study by downloading the complete reports along with informative infographics and other helpful resources.

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