Analysis on the Effect of COVID-19 on Metro Seattle Residential Property Value

This research offers a view on how COVID-19 is affecting residential property value of Metro Seattle area. Data on residential property transactions in specific counties are collected. The research also documents the change of mortgage rates and number of work-from-home employee as well as gross domestic product change due to the COVID-19. The findings imply that for King County, which is usually considered as urban Seattle area, property values increases sharply during the pandemic as the mortgage rates change caused by COVID-19.