Previous research identifies a negative externality associated with mortgage foreclosures. Houses in the neighborhood surrounding a foreclosed property sell for less, all things being equal. This paper explores the effect of short sales on condominium prices in downtown San Diego, California....

The authors use a data set of over 20,000 residential housing sales in 2010 and 2011 in San Diego County to measure the school proximity effects on nearby residential housing. Prior research supports the existence of a "school proximity premium" for housing located near K-12 schools. However,...