Rising home prices and low interest rates have fueled the recent surge in mortgage borrowing and enabled consumers to spend at high rates relative to their income. Low interest rates have outerbalanced. The growth in debt and acted to dampen the growth in household debt-service burdens. As past...

We evaluate the impact of foreclosure on house prices and are especially interested to evaluate heterogeneous impacts of foreclosure along the house size and income distributions across geographic regions. The study uses a novel and comprehensive dataset that encompasses detailed housing and...

This paper contributes to the literature focusing on the impact of foreclosure status on single family house prices during a housing market collapse when foreclosures and distressed sales become the majority of recorded transactions. While it is generally possible to identify Real-estate owned...

From 2007 to 2009, states without a judicial requirement for foreclosures were more than twice as likely to foreclose on delinquent homeowners. Comparing zip codes close to state borders with differing foreclosure laws, we show that foreclosure propensity and housing inventory jumped discretely...