We examine a recent trend in the market where investors purchase residential properties.
We find that investors purchase at a discount of 9.5% compared to individuals purchasing in …

Employing parcel-level data on vacant houses in a depopulating city in the Tokyo
metropolitan area, we provide the evidence of negative externalities of long-term vacant …

This study investigates whether flipping activities impose an externality on the transaction
prices of the neighboring nonflipped properties. Using a data set of residential property …

This study extends the work by Sirmans et al. by providing a review of the hedonic pricing
model literature published in real estate journals from 2005 through 2021. A total of 252 …

This study offers a simple theoretical model and empirical evidence to address the impact of
social capital on mortgage delinquency. Social capital includes the norms, values, trust, and …

This study analyzes the price and time-on-market effects of short sale and lender-owned
properties in the single-family housing market during the recent housing crisis. Short sales …

We study the external impact of foreclosures, exploring how foreclosed properties affect the
liquidity of nearby homes. Empirically, we find a foreclosure increases a nearby home's time …

In this study, we examine the effect of housing equity position, measured using the loan-to-
value (LTV) ratio, on the probability of home improvements. Using 2001–2011 data from the …

We study the bargaining power of investors and the contagion effects of investor-owned
single family homes on nearby property values. By controlling for the characteristics of both …

Foreclosure externalities, in which recent foreclosures proximate to a housing unit depress
its sales price, are well accepted in the literature. Past research on foreclosure externalities …