Document Type
Article
Publication Date
4-2006
Source Publication
Journal of Real Estate Research
Abstract
This paper examines the expected price appreciation of distressed property and compares it to the prevailing metropolitan area appreciation rate. Whether due to individual property or local area heterogeneity in appreciation, the results show that foreclosed property appreciates less than the area average appreciation rate. The magnitude of the deviation is sensitive to loan characteristics, legal restrictions, housing market conditions and marketing time.
Comments
Originally published in Journal of Real Estate Research, Volume 28, No. 2 (April-June 2006).
This version of the journal article is identical to the published version.