The Contagion Effect of Foreclosed Properties

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The Impact of Abandoned Properties on Nearby Property Values (2014, background): “However, hedonic price models do pose a challenge: It is impossible to observe and include all of the relevant characteristics in themodel (Harding et al., 2009).”
Foreclosure externalities: New evidence (2015, background): “For example, Immergluck and Smith (2006) counts foreclosure deeds in the two years prior to the sale of non-distressed property; Harding, Rosenblatt, and Yao (2009) constructs a series of measures of foreclosure deeds in three month intervals before and after the sale; and CGP counts all properties…”
Deconstructing distressed-property spillovers: The effects of vacant, tax-delinquent, and foreclosed properties in housing submarkets (2013, background): “Most of the results clustered around a one percent lower sale price for each nearby foreclosures (Immergluck and Smith, 2006; Schuetz et al., 2008; Harding et al., 2009; Rogers and Winter, 2009; Rogers, 2010; Campbell et al., 2011; Groves and Rogers, 2011).”
Do foreclosures cause crime (2013, neutral): “Active Foreclosures (eventually going to auction)”