Doerner, William; Leventis, Andrew - Volkswirtschaftliche Fakultät, … - 2014
crash, distressed sales have increased in numbers and have led to concerns about how they affect HPIs. This paper has three … parts. First, FHFA’s standard HPIs are compared to HPIs constructed without distressed sales. Second, FHFA’s identification … of distressed sales is validated against a public data source. Third, the distressed sale discount is shown to vary …