Given the potential risk of recidivism, recent research has found that registered sex offenders impose external costs that are capitalized into the value (lower prices) and liquidity (longer time on market) of nearby residential real estate. Using more than a decade of real estate listings data...

We study the external impact of foreclosures, exploring how foreclosed properties affect the liquidity of nearby homes. Empirically, we find a foreclosure increases a nearby home's time-on-market by approximately 30%, on average, which is primarily driven by a disamenity effect. There is...

Home warranties are often criticized for their lack of worth to a potential home buyer. We argue that both home buyers and home sellers may benefit from warranties, though the benefits are very small. If home buyers are risk averse, home warranties provide a valuable form of insurance. Sellers...

This study examines the market impact of targeted property tax relief, which is critical for understanding who exactly benefits from a widely used local policy. Specifically, we investigate this in the context of two state-wide ballot measures in Virginia that provided property tax relief...