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Author:Immergluck, Daniel 

Conference Paper
The impact of single-family mortgage foreclosures on neighborhood crime

Proceedings , Paper 955

Discussion Paper
Intrametropolitan patterns of foreclosed homes: ZIP-code-level distributions of real-estate-owned (REO) properties during the U.S. mortgage crisis

During the mortgage crisis, community developers, policymakers, and others have become increasingly concerned about the extent to which lender-owned homes, often called real-estate-owned or ?REO? properties, have accumulated in their neighborhoods and communities. REO properties are usually vacant and, especially when geographically concentrated, can have destabilizing impacts on neighborhoods and communities. However, due to data challenges, little systematic research has been done on the intrametropolitan distributions of such properties, especially across different metropolitan regions. ...
FRB Atlanta Community and Economic Development Discussion Paper , Paper 2009-01

Discussion Paper
The accumulation of foreclosed properties: trajectories of metropolitan REO inventories during the 2007–2008 mortgage crisis

A key concern among policymakers and community developers during the ongoing mortgage crisis has been the extent to which lender-owned homes, often called real-estate-owned or ?REO? properties, have been accumulating in different local housing markets. This paper describes the accumulation of REO properties in metropolitan areas across the United States from August 2006 to August 2008. I examine the differences in both changes and static levels of REO activity across metro areas and compare changes in REO levels to changes in home values over the same period. Special attention is paid to a ...
FRB Atlanta Community and Economic Development Discussion Paper , Paper 2008-02

Discussion Paper
Declines in Low-Cost Rented Housing Units in Eight Large Southeastern Cities

From the last quarter of 2012 to the last quarter of 2015, median rents rose 23.4 percent in the South, according to the Census Bureau. Accordingly, an increasing number of households in the South are cost-burdened, which is defined as a household spending more than 30 percent of its income on housing. A growing number of households spend over 50 percent of their income on rent, making them severely cost-burdened. The percentage of such severely cost-burdened households with incomes below $35,000 reached 80 percent in 2014 in eight central cities in the Southeast (Atlanta, Birmingham, ...
FRB Atlanta Community and Economic Development Discussion Paper , Paper 2016-3

Discussion Paper
Community response to the foreclosure crisis: thoughts on local interventions

In the wake of the ongoing national mortgage crisis, preventing or mitigating foreclosures and facilitating recovery from the damage they cause have become tremendous challenges for community developers, policymakers, and a wide variety of other actors in cities and metropolitan areas. ; The purpose of this paper is to lay out the range of responses to the foreclosure crisis in which local organizations have been engaged in recent years. It is not intended to be a catalogue of best practices. Rather, it uses examples of strategies and programs only for illustrative, explanatory purposes. ...
FRB Atlanta Community and Economic Development Discussion Paper , Paper 2008-01

Journal Article
The accumulation of foreclosed properties: trajectories of metropolitan REO inventories during the 2007–2008 mortgage crisis

In addition to causing financial and social hardship to families and individuals, high foreclosure rates can have negative effects on neighborhoods, cities, and metropolitan regions. One key concern among policymakers and community developers is the extent to which lender-owned homes, often called real estate owned or REO properties, accumulate in different local housing markets. The neighborhood and community impacts of foreclosure are expected to be worse if foreclosed properties sit vacant for significant periods of time and are not absorbed back into the market in some productive way. The ...
Community Development Investment Review , Issue 1 , Pages 07-42

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