We examine housing market and residential mobility changes that occur soon after a school fails to achieve Adequate Yearly Progress (AYP) in Charlotte, NC. Students within attendance zones of failing schools are given priority in lotteries for oversubscribed schools, potentially increasing the...

Estimates of loss aversion in housing sales prices may be biased because expected losses correlate with housing and borrower unobservables. We provide new evidence of loss aversion in sales price by differencing loss aversion estimates between sellers who exhibit focal point bias in their...

Most evidence on foreclosure spillovers identifies localized effects that are modest in magnitude, but these effects could multiply to larger aggregate effects across broad neighborhoods. We test this proposition developing a proxy for the fraction of mortgages in negative equity during the...

We examine the impact of seller's Property Condition Disclosure Laws on residential real estate values. A disclosure law may address the information asymmetry in housing transactions shifting risk from buyers and brokers to the sellers and raising housing prices as a result. We combine...