Neighborhood effects of concentrated mortgage foreclosures

Schuetz, Jenny; Been, Vicki; Ellen, Ingrid Gould

doi:10.1016/j.jhe.2008.09.004

Cited by 233 publications

(131 citation statements)

References 7 publications

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“…Most notably, a growing number of papers study the impact of foreclosures on neighboring home values (Immergluck and Smith, 2006a;Schuetz, Been, and Ellen, 2008;Harding, Rosenblatt, and Yao, 2009;Haughwout, Mayer, and Tracy, 2009;Lin, Rosenblatt, and Yao, 2009;Rogers and Winter, 2009;Hartley, 2010;Wassmer, 2010;Campbell, Giglio and Pathak;Gerardi, Rosenblatt, Willen, and Yao, 2012). The papers vary in their methods but several use statistical techniques to demonstrate that foreclosures actually lead to reductions in with such reductions.…”

Section: The Impact Of Foreclosures On Other Community Outcomesmentioning

confidence: 99%

“…Thus, we generally show both sets of results. 10 Finally, to further test the direction of causality, following Schuetz et al (2008) and Campbell, Giglio, and Pathak (2011), we estimate the relationship between past foreclosure starts on the blockface and crime while also controlling for future foreclosures on the blockface (a count of the number of foreclosure starts in the 18 months following the quarter for which we measure crime). Specifically, we estimate:…”

Section: Baseline Model and Identification Strategymentioning

confidence: 99%

“…Further, to bolster our confidence in a causal relationship, we also estimate models that control for future foreclosure notices on a blockface. These future foreclosure notices will not yet affect crime, but they help to capture differences in unobserved trends between those blockfaces where foreclosures tend to occur and those where they do not (Schuetz, Been, and Ellen, 2008).…”

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confidence: 99%

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Do foreclosures cause crime?

Ellen

Lacoe

Sharygin

2013

Journal of Urban Economics

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198

153

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The mortgage foreclosure crisis has generated increasing concerns about the effects of foreclosed properties on their surrounding neighborhoods, and on criminal activity in particular. There are a number of potential ways in which a foreclosed property might increase the payoffs to committing crime and decrease the likelihood of being caught, including reduced maintenance, residential turnover, and vacancy. Using point-specific, longitudinal crime, foreclosure, and other property data from New York City, this paper determines whether foreclosed properties affect criminal activity on the surrounding blockface -an individual street segment including properties on both sides of the street. We find that additional foreclosures on a blockface lead to additional total crimes, violent crimes and public order crimes. These effects appear to be largest when foreclosure activity is measured by the number of foreclosed properties that are on their way to an auction or have reverted to bank ownership. We find that effects are largest in neighborhoods with moderate or high levels of crime, and on blockfaces with concentrated foreclosure activity.

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Section: The Impact Of Foreclosures On Other Community Outcomesmentioning

confidence: 99%

Section: Baseline Model and Identification Strategymentioning

confidence: 99%

mentioning

confidence: 99%

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Do foreclosures cause crime?

Ellen

Lacoe

Sharygin

2013

Journal of Urban Economics

Self Cite

198

153

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“…Several case studies have highlighted the existence of "neighborhood effects", or the direct contribution that foreclosures have made to urban deprivation and forced displacements [20,21]. Within this context, it is possible to observe links between the spatial concentration of foreclosures and falling property values at the neighborhood level [22][23][24][25][26].…”

Section: Introductionmentioning

confidence: 99%

Spatial Analysis of Clustering of Foreclosures in the Poorest-Quality Housing Urban Areas: Evidence from Catalan Cities

Gutiérrez

Arauzo‐Carod

2018

IJGI

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This paper uses data on housing stock owned by financial entities as a result of foreclosures to analyze (1) the spatial logic of Spain's mortgage crisis in urban areas, and (2) the characteristics of the types of housing most affected by this phenomenon. Nearest-Neighbor Index and Ripley's K function analyses were applied in two Catalan cities (Tarragona and Terrassa). The results obtained show that foreclosures tend to be concentrated in the most deprived neighborhoods. The general pattern of clustering also tends to be most intense for smaller and cheaper housing. Our findings show that home foreclosures have been concentrated in only a few neighborhoods and precisely in those containing the poorest-quality housing stock. They also provide new evidence of the characteristics and spatial patterns of the housing stock accumulated by banks in Catalonia as a result of the recent wave of evictions associated with foreclosures.

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“…[46][47][48][49][50] These consequences contribute to the perpetuation of both wealth and health inequality for African Americans at the individual, neighborhood, city, and population level.…”

Section: Mortgage Foreclosure and Health Disparitiesmentioning

confidence: 99%

Mortgage Foreclosure and Health Disparities: Serial Displacement as Asset Extraction in African American Populations

2011

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In this paper we offer a conceptualization of mortgage foreclosure as serial displacement by highlighting the current crisis in the context of historically repeated extraction of capital-economic, social, and human-from communities defined at different scales: geographically, socially, and that of embodied individuals. We argue that serial displacement is the loss of capital, physical resources, social integration and collective capacity, and psycho-social resources at each of these scales, with losses at one level affecting other levels. The repeated extraction of resources has negative implications for the health of individuals and groups, within generations as well as across generations, through the accumulation of loss over time. Our analysis of the foreclosure crisis as serial displacement for African American households in the United States begins with the "housing niche" model. We focus on the foreclosure crisis as an example of the interconnectedness of structured inequality in health and housing. Then we briefly review the history of policies related to racial inequality in homeownership in the twentieth and twentyfirst centuries. We end with an analysis of the scales of displacement and the human, social, and capital asset extraction that accompany them.

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Neighborhood effects of concentrated mortgage foreclosures

Cited by 233 publications

References 7 publications

Do foreclosures cause crime?

Do foreclosures cause crime?

Spatial Analysis of Clustering of Foreclosures in the Poorest-Quality Housing Urban Areas: Evidence from Catalan Cities

Mortgage Foreclosure and Health Disparities: Serial Displacement as Asset Extraction in African American Populations

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