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- W1566997811 abstract "Using ZIP code-level data on foreclosure rates, distressed and non-distressed sales in Chicago, Illinois we examine the REO discount. We find significant differences in the difference in price between distressed and non-distressed properties in high- versus low-foreclosure rate neighborhoods. We expand this analysis to determine if trends in the REO discount can be explained by trends in foreclosure rates and if this correlation can be used to identify a ‘tipping point’ in foreclosure rates. We identify key relationships between trends in the REO discount, the proportion of REO sales to total sales and sales volume." @default.
- W1566997811 created "2016-06-24" @default.
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- W1566997811 date "2010-01-01" @default.
- W1566997811 modified "2023-09-27" @default.
- W1566997811 title "Foreclosure Contagion and REO Versus Non-REO Sales" @default.
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- W1566997811 doi "https://doi.org/10.2139/ssrn.1572074" @default.
- W1566997811 hasPublicationYear "2010" @default.
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