This paper identifies racial neighborhood effects at the transaction level. By matching two large micro-datasets (ZTRAX and HMDA) for the state of Virginia, we pin down the impact of a marginal change of racial composition in a neighborhood by looking at price impacts for transactions that...

There is an ongoing debate in the U.S. regarding the costs and benefits associated with statewide stay-at-home orders that were enacted in response to the COVID-19 outbreak. Many opponents of such orders claim that the economic cost, in terms of higher unemployment, may in-fact outweigh the...

This paper investigates the Deepwater Horizon oil spill and its mortgage lending implications for the affected Gulf coast areas. We construct a unique dataset by using information from the Shoreline Cleanup Assessment Technique program and mapping those observations to the Home Mortgage...