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externalities from foreclosures. VPROs were widely adopted by local governments across the United States during the foreclosure … enactment of VPROs in Florida more than halved the negative externality from foreclosure. This finding is robust to a rich set …
Persistent link: https://www.econbiz.de/10012122985
externalities from foreclosures. VPROs were widely adopted by local governments across the United States during the foreclosure … enactment of VPROs in Florida more than halved the negative externality from foreclosure. This finding is robust to a rich set …
Persistent link: https://www.econbiz.de/10012389575
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Home foreclosure rates have risen in the United States to the highest levels since the Great Depression. With house … projected to go even higher. While most of the time a foreclosure is a suboptimal resolution of a distressed mortgage, a number …
Persistent link: https://www.econbiz.de/10011245863
Housing cycles and their impact on the financial system and the macroeconomy have become the center of attention following the global financial crisis. This paper documents the characteristics of housing cycles in a large set of countries, and examines the determinants of house price movements....
Persistent link: https://www.econbiz.de/10010790415
the sales price of surrounding single-family properties after controlling for impact from foreclosure of nearby single …-family houses. The most preferred estimate suggests that each multi-family foreclosure that occurs between 660 and 1320 feet away … foreclosure within the same submarket also lower sales price of a single-family home by 0.1%. …
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