Neighborhoods in the Wake of the Debacle
Intrametropolitan Patterns of Foreclosed Properties
Datos Bibliográficos
| ID | 6404734 |
|---|---|
| Autores | Daniel Immergluck (Georgia Institute of Technology, autor de correspondencia) |
| Año | 2010 |
| Volumen | 46 |
| Número | 1 |
| Páginas | 3-36 |
| Fecha de publicación | 2010-09-01 |
| Peer Reviewed | Sí |
| Open Access | Sí |
| Tipo | ARTICLE |
| Revista | Urban Affairs Review (JOURNAL) |
| Identificadores de la revista | ISSN: 1078-0874 • E-ISSN: 1552-8332 |
| Editorial | SAGE Publications Inc (PUBLISHER) |
| DOI | 10.1177/1078087410375404 |
| OpenAlex | W3123237400 |
| Idioma | EN |
| Citas recibidas | 40 |
| Referencias citadas | 9 |
A key aspect of the U.S. subprime crisis was the accumulation of vacant, foreclosed properties in many neighborhoods and localities. This article describes zip-code-level patterns of foreclosed homes, or what are typically called “real estate owned” (REO) properties, at the peak of the subprime crisis in late 2008 and estimates a model of REO accumulation from 2006 to 2008. Three key findings emerge. First, during the peak of the subprime foreclosure crisis in late 2008, large central cities, on average, experienced higher levels of REO per mortgageable property than suburban areas. This contradicts some suggestions that the crisis was primarily centered in suburban or exurban communities. Second, the suburbanization of REO varied across two key types of metropolitan areas, with boom—bust regions experiencing more suburbanization than weak- or mixed-market metros. Finally, determinants of zip-code-level REO accumulation included high-risk lending activity and the age of housing stock. After controlling for these and other variables, neither the central city versus suburban location of a zip code nor the proportion of residents commuting over 30 minutes was significantly associated with REO growth. The intrametropolitan location of a zip code appears to have been a less important factor in REO growth than the fact that a large amount of development in newer communities was financed during the subprime boom
Boom · Business · Bust · Cartography · Economic geography · Foreclosure · Geography · Metropolitan area · Real estate · Stock (firearms · Suburbanization · Zip code · Housing Market and Economics · Housing, Finance, and Neoliberalism · Urbanization and City Planning · Finance
Segregation and the Geography of Creditworthiness
Metropolitan Segregation and the Subprime Lending Crisis
From the ‘‘Former Rubber Capital of the World’’ to Space of Hope? Refugees and Urban Transformations in Akron, Ohio
From REO to Ruin
Lessons from U.S. rust belt cities for equitable low-growth futures
Intraregional Spatial Dynamics of Quality of Life in Shrinking Cities and Their Suburbs
Double Jeopardy
The effects of unplanned moves on post-crisis housing situations
Housing vacancy and urban growth
Impacts of Multiscale Racial Concentration on Neighborhood Foreclosure Risk in Immigrant Gateway Metropolitan Areas
Territories of Concern
Neighborhood Inequalities and the Long–Term Impact of Foreclosures
Concentrated Foreclosure Activity and Distressed Properties in New York City
Moving toward a Shared Understanding of the U.S. Shrinking City
Examining Changes in Long‐Term Neighborhood Housing Vacancy during The 2011 to 2014 U.S. National Recovery
Neighborhood Foreclosures and Property Tax Burden
Racial and Ethnic Trends in the Suburbanization of Poverty in U.S. Metropolitan Areas, 1980–2010
Mapping the Urban Debtscape
Analyzing Census tract foreclosure risk rates in mature and developing suburbs in the United States
Residential development during the Great Recession
The US Great Recession
Housing Foreclosure as A Geographically Contingent Event
Race and uneven recovery
Prices, policies, and place
Neighborhood foreclosures and health disparities in the U.S. cities
Using photovoice and emotional maps to understand transitional urban neighborhoods
Geographies of Local Government Stress after the Great Recession
Housing equity, residential mobility and commuting
Housing market resilience
Defining ‘metropolitan’ poverty
Rising inequality and neighbourhood mixing in US metro areas
Cashing in on Distress
Distress in the Desert
Limits of Property Taxes and Charges
Local Development Policies and the Foreclosure Crisis in California
From Financialization to Sociospatial Polarization of the City? Evidence fromCanada
Neighborhood Reputation and Resident Sentiment in the Wake of the Las Vegas Foreclosure Crisis
Growing pains or appreciable gains? Latent classes of neighborhood change, and consequences for crime in Southern California neighborhoods
Foreclosures and crime
The spatial extent of the effect of foreclosures on crime
Neighborhood effects of concentrated mortgage foreclosures
Financing Home Ownership
Cities Destroyed (Again) For Cash
The Impact of Single-family Mortgage Foreclosures on Neighborhood Crime
The contagion effect of foreclosed properties
Negative equity and foreclosure
Measuring the Effect of Subprime Lending on Neighborhood Foreclosures
| Obras citantes distintas | 40 |
|---|---|
| Citas por año | 2,86 |
| Intervalo de citas | 2012 - 2024 (13) |
| Velocidad de citación | recent |
| Altamente citado | No |
| Tipos de cita | Neutras: 40 |