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. …

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 …

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 …

. 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 …

externalities. A Brigham Young University policy limiting students' location choices provides a natural experiment for studying the …