Cheaper cities and costly suburbs: how COVID-19 has changed the cost of real estate

Stijn Van Nieuwerburgh talks to Tim Phillips about research on the impact of the COVID-19 pandemic on real estate markets in the US, where sizable enough changes in rent and price gradients have been documented to suggest that urban residents are fleeing city centres for the suburbs. Limits placed on city amenities combined with expanding opportunities to work from home have reduced the premium on urban living.