Whitaker, Stephan; Fitzpatrick IV, Thomas J. - In: Journal of Housing Economics 22 (2013) 2, pp. 79-91
In this empirical analysis, we estimate the impacts of property-tax delinquency, vacancy, and foreclosures on the value of neighboring homes. We demonstrate that these externalities differ in high- and low-poverty submarkets. Numerous studies have estimated the externality of foreclosures. These...