We examine foreclosure discounts and their subsequent impact on investor returns in Berlin's housing market from 1984 … that foreclosure discounts, ranging from 20% to 50%, are significant and persist over time. In a repeat sales approach, in … foreclosure follows a regular sale, the average annualized returns are 9.6 percentage points lower than in matched non …

The aim of the study is to explain if the foreclosure effect on prices is explained by a lower quality of foreclosed … estimate the impact of foreclosure on home prices in Florida and Indiana from 2000 to 2008. We employ a model of housing demand …-specific quality explains the vast majority of the foreclosure effects on house prices. Our results also show that foreclosed homes in …