Among other reasons, controlling financial distress in the conventional multifamily sector is important because of the neighborhood destabilizing effects of partially occupied and vacant buildings and the potential lending cutbacks that could be made by financial intermediaries whose loan...

This article attempts to examine the filtering issue within a broad market framework, emphasizing some of the potentially serious neighborhood implications of the turnover process. It concludes that the negative social welfare effects associated with the market adjustments that take place in...

While long-term returns to capital invested in owner-occupied housing have been competitive with other investment alternatives, no evidence exists on the market performance of the owner-occupied housing in which low- and moderate-income households would be most likely to invest. This article...