| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 961954 | Journal of Housing Economics | 2012 | 11 Pages |
Abstract
⺠This study conceptualizes a new approach, accounting for housing stock heterogeneity. ⺠Impacts of nearby foreclosures may differ across types of housing. ⺠Each multi-family foreclosure reduces the nearby single-family property values by 3%. ⺠Housing submarket definition matters in estimating the impact of foreclosure. ⺠Each distant foreclosure in the same submarket devalues single-family houses by 0.1%.
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Arnab Biswas,