FEDERAL RESERVE BANK of ATLANTA | Foreclosure Externalities: Some New Evidence – Foreclosures Have Little Influence on Prices of Nearby Homes

Fed: Foreclosures Have Little Influence on Prices of Nearby Homes Despite conventional wisdom that foreclosed properties negatively impact the values of neighboring homes, a paper from the Federal Reserve Bank of Atlanta reported Aug. 6 that that isn’t the case. In fact, it’s the condition of the distressed property, and not its foreclosure status, that … Read more
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1. Federal Reserve Bank of Cleveland | Foreclosures May Permanently Scar Homes
2. FEDSPEAK Report | The Impact of Vacant, Tax-Delinquent and Foreclosed Property on Sales Prices of Neighboring Homes
3. Bloomberg | Home Prices Seen Dropping 10% in U.S. on Foreclosures