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homeownership, the nature of the housing stock, and the organization of residential activity. We start by providing some background … turnover, and housing investment. We describe spatial patterns in foreclosure and summarize the evidence for foreclosure …
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The effects of households' indebtedness on their house-selling decisions are studied in a dynamic equilibrium model with search in the housing market and defaultable long-term mortgages. In equilibrium, both sellers' asking prices and time-to-sell increase with the relative size of their...
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Midwestern and Northeastern states reflected primarily a high rate of foreclosure per mortgage, not a high volume of mortgages to … impact overall, because they have both a high volume of mortgages to non-occupant owners and a high rate of foreclosure on …
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