Neighborhood racial segregation continues to be a major social problem within America's metropolitan areas. One factor possibly accounting for segregation is the inability of minority households to afford housing in White neighborhoods, where housing units historically have been largely...

The foreclosure crisis in the U.S. has resulted in a large number of residential REOs. These properties have been value of nearby homes. An unresolved issue is whether these negative spillover effects disappear after the REO is sold. Effects are greater if the REO is purchased by an investor in...