Spillover Effects of Foreclosures on Neighborhood Property Values

By Zhenguo Lin, E. Rosenblatt, Vincent Yao. 2009

355 citations recorded by the source corpus.

Subfields: Economics and Econometrics, Management, Monitoring, Policy and Law

View Paper: https://www.semanticscholar.org/paper/fc80f73f6ad0f4709a739500ed1bc9df236aa7ae

How researchers see this paper

The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.

In Economics and Econometrics

1. Hye-Sung Han
2. John P. Harding
3. Vincent Yao
4. E. Rosenblatt
5. Stephan D. Whitaker
6. Thomas J. Fitzpatrick

In Management, Monitoring, Policy and Law

1. Hye-Sung Han
2. John P. Harding
3. Vincent Yao
4. E. Rosenblatt

Citations in the corpus

• Deconstructing distressed-property spillovers: The effects of vacant, tax-delinquent, and foreclosed properties in housing submarkets (2013, background): “One study by Lin, Rosenblatt, and Yao (2009) estimated that each foreclosure liquidation can depress short-run property values of homes within a half mile as much as 8.7 percent in down markets and 5 percent in up markets.”
• The Impact of Abandoned Properties on Nearby Property Values (2014, methodology): “Most prior studies (Immergluck & Smith, 2006a; Lin et al., 2009; Rogers, 2010; Schuetz et al., 2008; Shlay &Whitman, 2006) estimated the impact of foreclosures on the sales prices of nearby properties using cross-sectional hedonic price models.”
• Do foreclosures cause crime (2013, neutral): “Active Foreclosures (eventually going to auction)”
• The Contagion Effect of Foreclosed Properties (2009, positive): “It is widely accepted that home foreclosures have significant negative externalities.1 Recent studies (e.g., Immergluck and Smith, 2006 and Lin et al., 2009) have reported that the presence of foreclosed properties is associated with lower sales prices for nearby non-distressed properties.”