While gentrification raises fears of displacement, it also offers some hope because the growth in higher-income households in previously poor areas can help to shore up city…
Parag Pathak, John Campbell, Stefano Giglio
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May 1, 2009
W09-4: This paper uses data on house transactions in the state of Massachusetts over the last 20 years to show that houses sold after foreclosure, or close in time to…
UCC08-15: We find that the foreclosure process varies widely across states and that the costs associated with foreclosure rise significantly with the length of the…
RR07-3: At a congressional hearing in 1948, representative A.S. Mike Monroney argued that the construction of new, subsidized rental housing improves the surrounding…
Amy Crews Cutts, Richard Green
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February 19, 2004
BABC 04-19: Technological innovations in the mortgage industry have had profound impacts on every step in the homeownership process. Much of the literature has focused…
Ingrid Gould Ellen, Scott Susin, Amy Ellen Schwartz, Michael Schill
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October 13, 2001
In this paper, we look at the impact of two New York City homeownership programs on surrounding property values. Both of these programs—the Nehemiah Plan and the New Homes…