New Study Examines Spillover Effects of Real Estate Owned Properties

Since the housing market collapse, banks have repossessed large numbers of homes. These REO or real estate owned properties are often vacant and rundown and can lower the values of nearby residences. While research confirms this spillover effect of REOs on other properties, few studies have evaluated its relative magnitude in different neighborhoods. DeVoe Moore … Continue reading New Study Examines Spillover Effects of Real Estate Owned Properties

Foreclosed Properties Sold to Homeowners Stabilize Property Values

The collapse of the housing market led to an increase in the number of foreclosed residences, with ownership of many reverting to the banks. These are referred to as REO (real estate owned) properties. Recent research concludes the presence of REOs in a neighborhood can lower the property values of nearby homes, but these studies … Continue reading Foreclosed Properties Sold to Homeowners Stabilize Property Values

Buildings Don’t Create Permanent Jobs

Original post date: March 22, 2013 Article by: Sam Staley Gaines Street is the "it" place for Tallahassee's economic redevelopment initiatives, skirting the northern edge of the sourthern border of the Frenchtown/Southside Community Redevelopment Area. With large new projects going up along the corridor--the College Town mixed use project alone is expected to add 72 … Continue reading Buildings Don’t Create Permanent Jobs

Do Left-Leaning Cities Oppose New Housing?

Original post date: February 25, 2013 Article by: Anonymous Matthew E. Kahn of UCLA’s Institute of Environment concludes in a study published in the Journal of Urban Economicsthat cities with a majority of citizens registered in political parties with liberal tendencies—the Democratic Party, Green Party, and Peach and Freedom Party—issued fewer new housing permits than … Continue reading Do Left-Leaning Cities Oppose New Housing?