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discounts of 2.4 percent when a foreclosure shares the same physical address. We view the results as indicating that investment … externalities drive foreclosures' impacts on neighboring house prices. …
Persistent link: https://www.econbiz.de/10009744198
property coming on the market and toward a physical externality as the source of measured foreclosure externalities …. A foreclosure in the same association and at the same address depresses the sale price by 2.5 percent, but properties in …
Persistent link: https://www.econbiz.de/10013054862
property coming on the market and toward a physical externality as the source of measured foreclosure externalities …. A foreclosure in the same association and at the same address depresses the sale price by 2.5 percent, but properties in …
Persistent link: https://www.econbiz.de/10012458584
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. Empirically, we find a foreclosure increases a nearby home's time-on-market by approximately 30%, on average, which is primarily … liquidity effects. However, when there is no surprise and a nearby foreclosure remains through the entire marketing period …
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Home appraisals are produced for millions of residential mortgage transactions each year, but appraised values are rarely below the purchase contract price: Some 30% of appraisals in our sample are exactly at the home price (with less than 10% of them below it). We lay out a basic theoretical...
Persistent link: https://www.econbiz.de/10011971156
constraints. During housing busts, longer selling times spill over into higher foreclosure risk, thereby magnifying the response …, the reverse occurs. Based on these insights, I consider a foreclosure reform that makes all mortgages full recourse, and I …
Persistent link: https://www.econbiz.de/10011798986
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