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The Impact of Foreclosure on Housing Prices

Siebert, Ralph - 2015

The aim of the study is to explain if the foreclosure effect on prices is explained by a lower quality of foreclosed … estimate the impact of foreclosure on home prices in Florida and Indiana from 2000 to 2008. We employ a model of housing demand …-specific quality explains the vast majority of the foreclosure effects on house prices. Our results also show that foreclosed homes in …

Persistent link: https://www.econbiz.de/10013028527

Game of Zones : The Political Economy of Conservation Areas

Ahlfeldt, Gabriel M.; Möller, Torsten Kristoffer; … - 2021

Provided there are positive external benefits attached to the historic character of buildings, owners of properties in designated conservation areas benefit from a reduction in uncertainty regarding the future of their area. At the same time, the restrictions put in place to ensure the...

Persistent link: https://www.econbiz.de/10013315608

Distinctively Different : A New Approach to Valuing Architectural Amenities

Ahlfeldt, Gabriel M.; Holman, Nancy - 2021

We propose a method to estimate the capitalized value of the architectural design quality of a neighbourhood. Our …

Persistent link: https://www.econbiz.de/10013315552

Using Bankruptcy to Reduce Foreclosures : Does Strip-Down of Mortgages Affect the Supply of Mortgage Credit?

Li, Wenli - 2014

We assess the credit market impact of allowing mortgage “strip-down” as a foreclosure-prevention measure, where strip … effective foreclosure-prevention program, because it would have only small and transient effects on the supply of mortgage loans …

Persistent link: https://www.econbiz.de/10013054958

Neighborhood Racial Characteristics, Credit History, and Bankcard Credit in Indian Country

Dimitrova-Grajzl, Valentina P. - 2017

We examine whether concerns about lenders' discrimination based on community racial characteristics can be empirically substantiated in the context of neighborhoods on and near American Indian reservations. Drawing on a large-scale dataset consisting of individual-level credit bureau records and...

Persistent link: https://www.econbiz.de/10012970494

Planning Ahead for Better Neighborhoods : Long Run Evidence from Tanzania

Michaels, Guy - 2017

What are the long run consequences of planning and providing basic infrastructure in neighborhoods, where people build their own homes? We study “Sites and Services” projects implemented in seven Tanzanian cities during the 1970s and 1980s, half of which provided infrastructure in previously...

Persistent link: https://www.econbiz.de/10012944884

Delivering Affordable Housing and Neighborhood Quality : A Comparison of Place- and Tenant-Based Programs

Eerola, Essi - 2017

This paper analyzes the relative merits of large place- and tenant-based housing programs in Finland in terms of housing affordability and neighborhood quality. Using hedonic regression methods and household micro data, we find that rent savings to public housing tenants are less targeted...

Persistent link: https://www.econbiz.de/10012944974

Home Ownership and Household Portfolio Choice

Michielsen, Thomas - 2016

We study the effect of home equity and indebtedness on financial portfolio choices of Dutch households during the period 2006-2012. Using a large administrative dataset at the household level we estimate how home equity and the outstanding mortgage amount influence the share of liquid assets...

Persistent link: https://www.econbiz.de/10012998709

Does Homeownership Promote Wealth Accumulation?

Kaas, Leo - 2016

is often used as an argument for policies that foster homeownership. However, the causal link between homeownership and … wealth position of the household only through homeownership. For the sample of inheritors we find that the local average …

Persistent link: https://www.econbiz.de/10012996689

Wealth Inequality and Homeownership in Europe

Kaas, Leo - 2015

between the countries of the Euro area. We find a strong negative correlation between wealth inequality and homeownership … by homeownership status shows that the negative relationship is mostly driven by large between-group inequality across …-country inequality differences. We confirm the major role for homeownership rates in accounting for the wealth inequality differences …

Persistent link: https://www.econbiz.de/10013014361