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
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?