The external costs of foreclosure: The impact of single‐family mortgage foreclosures on property values

By Dan Immergluck, Geoff Smith. 2006

495 citations recorded by the source corpus.

View Paper: https://www.semanticscholar.org/paper/cb79956061e8ab8da46360931f9fd34202969025

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In Economics and Econometrics

Citations in the corpus

The Contagion Effect of Foreclosed Properties (2009, unknown): “Three recent papers (Lin et al., 2009; Immergluck and Smith, 2006; Shlay and Whitman, 2004) have documented a negative relationship between non-distressed sales prices and the number of nearby foreclosures.”
Forced Sales and House Prices (2011, background): “Foreclosures typically involve periods during which houses stand empty, reducing the visual appeal and social cohesion of the neighborhood and encouraging crime (Apgar, Duda, and Gorey 2005, Immergluck and Smith 2005, 2006).”
Spillover Effects of Foreclosures on Neighborhood Property Values (2009, methodology): “housing market was experiencing a steady appreciation (Hardin and Wolverton 1996; Forgey et al. 1994; Immergluck and Smith 2006 ), we utilize data in different years to capture how the spillover effects of foreclosures on neighborhood property values may vary over the housing cycles.”
Foreclosure externalities: New evidence (2015, methodology): “Figure 1 provides an example of the breakdown of census tracts, census block groups, and census blocks for the city of Cambridge, Massachusetts, a small city of about 100,000 people that neighbors the city of Boston to the north.”
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).”
Estimating the effect of mortgage foreclosures on nearby property values: a critical review of the literature (2010, methodology): “9E C O N O M I C R E V I E W Number 3, 2010 FEDERAL RESER VE BANK OF ATLANTA”
From the Subprime to the Exotic: Excessive Mortgage Market Risk and Foreclosures (2008, background): “Immergluck and Smith (2005) calculated that conventional foreclosures increased by 215% from 1995 to 2002 in predominantly White census tracts in the five-county Chicago area, while they increased by 544% in predominantly minority tracts.”
Cities Destroyed (Again) For Cash: Forum on the U.S. Foreclosure Crisis (2008, background): “Quantitative work tends to be localized (often countywide) research drawing on privately collected data over a reasonably short time period, and analyses have ranged from basic to econometric (e.g., Immergluck and Smith, 2006).”