Craig A. Depken, II; Hollans, Harris; Swidler, Steve - In: Journal of Real Estate Research 37 (2015) 1, pp. 151-172
This paper examines the impact of distressed sales on single family house prices during a housing market collapse. The innovation here is a methodology to create a proxy for distressed sales when such sales are not identified in the data but are commonplace in the market. We apply our...