Daneshvary, Nasser; Clauretie, Terrence M.; Kader, Ahmad - In: Journal of Real Estate Research 33 (2011) 2, pp. 179-208
Most previous empirical studies of price spillover effects of foreclosure on no-default transactions are based on data from a stable housing-market period. In this paper, we use 2008 transactions from a housing market with a relatively large number of REO/foreclosures. Our overall results...