New Report: Effect of Single-Family Mortgage Foreclosures on Property Values
Posted by on October 21, 2005
[posted from Community Development Banking listserv]
New Woodstock Institute Research Illustrates Devastating Impact Foreclosures Have on Neighborhood Property Values
A new report by the Woodstock Institute, There Goes the Neighborhood: The Effect of Single-Family Mortgage Foreclosures on Property Values, shows that foreclosures have a significant negative effect on neighborhood property values. Although foreclosures have long been considered a problem associated with FHA loan programs, recent research has shown that the explosion in foreclosures that began in the 1990s was primarily driven by the growth of high-risk, conventional subprime lending.
The full report is available online at http://www.woodstockinst.org.
More in "New Resources"
- High Impact Giving Toolkit Preview and Webinar – Jan 23
- Looking Back on 2024 with the PHL World Heritage City Report
- National Partnership for Student Success: New Training Resource Library
Stay Current in Philly's Higher Education and Nonprofit Sector
We compile a weekly email with local events, resources, national conferences, calls for proposals, grant, volunteer and job opportunities in the higher education and nonprofit sectors.
Subscribe