There Goes the Neighborhood: The Effect of Single-Family Mortgage Foreclosures on Property Values
Contributing Organization(s): Woodstock Institute
Author(s)/Creator(s): Daniel Immergluck; Geoff Smith
Publishing Date: 2005-06-01
Issue Areas: Housing and Homelessness
Ownership/Rights Info: Please consult the copyright holder before using or repurposing this information.
This report shows that foreclosures have a significant negative effect on neighborhood property values. Although foreclosures have long been considered a problem associated with FHA loan programs, recent research has shown that the explosion in foreclosures that began in the 1990s was primarily driven by the growth of high-risk, conventional subprime lending.
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