The DOI matches its Crossref record; 2 of the 2 references it cites were found in a registry or an index.
Forced Sales and House Prices
Open accessAbstract
This paper uses data on all house transactions in Massachusetts over the last 20 years to show that houses sold after foreclosure, or close in time to the death or bankruptcy of a seller, are sold at lower prices than other houses. Foreclosure discounts are on average at 27 percent of the value of a house. Moreover, foreclosures that take place within small local geographies of a house lower the price at which it is sold. Our preferred estimate is that a foreclosure at a distance of 0.05 miles lowers the price of a house by about 1 percent. JEL: D14, R31
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Cites
Co-integration and error correction: representation, estimation and testing
Engle, R. F., & Granger, C. W. J. (1987) · Econometrica · doi:10.2307/1913236 · Cited by 32,007
Loss Aversion and Seller Behavior: Evidence from the Housing Market
Genesove, D., & Mayer, C. (2001) · The Quarterly Journal of Economics · doi:10.1162/003355301753265561 · Cited by 1,628
Cited by
Financial Literacy, Financial Education, and Economic Outcomes
Hastings, J. S., Madrian, B. C., & Skimmyhorn, W. L. (2013) · Annual Review of Economics · doi:10.1146/annurev-economics-082312-125807 · Cited by 1,041
The Determinants of Attitudes toward Strategic Default on Mortgages
GUISO, L., SAPIENZA, P., & ZINGALES, L. (2013) · The Journal of Finance · doi:10.1111/jofi.12044 · Cited by 601
Investors' Horizons and the Amplification of Market Shocks
Cella, C., Ellul, A., & Giannetti, M. (2013) · Review of Financial Studies · doi:10.1093/rfs/hht023 · Cited by 330
Household Debt: Facts, Puzzles, Theories, and Policies
Zinman, J. (2015) · Annual Review of Economics · doi:10.1146/annurev-economics-080614-115640 · Cited by 165
Metadata
- Authors
- Campbell, J. Y., Giglio, S., & Pathak, P.
- Venue
- American Economic Review
- Publisher
- American Economic Association
- Published
- 2011-08-01
- Volume
- 101
- Issue
- 5
- Pages
- 2108-2131
- ISSN
- 0002-8282 (ISSN-L)
- OpenAlex
- W3122630720
- Cited by
- 888
- References
- 2
- FWCI
- 159.39
- Type
- journal article
- Language
- en
- Open access
- green
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Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).
Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.
