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  1. Foreclosures and house prices
    Autor*in: Loberto, Michele
    Erschienen: [2021]
    Verlag:  Banca d'Italia Eurosistema, [Rom]

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    Standort:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signatur:
    VS 450
    Fernleihe:
    keine Fernleihe
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    Quelle: Verbundkataloge
    Sprache: Englisch
    Medientyp: Buch (Monographie)
    Format: Online
    Weitere Identifier:
    Schriftenreihe: Temi di discussione / Banca d'Italia ; number 1325 (March 2021)
    Schlagworte: house prices; foreclosures; neighborhood effects
    Umfang: 1 Online-Ressource (circa 39 Seiten), Illustrationen
  2. A shortage of short sales
    explaining the underutilization of a foreclosure alternative
    Autor*in: Zhang, Calvin
    Erschienen: February 2019
    Verlag:  Research Department, Federal Reserve Bank of Philadelphia, Philadelphia, PA

    The Great Recession led to widespread mortgage defaults, with borrowers resorting to both foreclosures and short sales to resolve their defaults. I first quantify the economic impact of foreclosures relative to short sales by comparing the home price... mehr

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    Standort:
    Helmut-Schmidt-Universität, Universität der Bundeswehr Hamburg, Universitätsbibliothek
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    Standort:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signatur:
    VS 438
    Fernleihe:
    keine Fernleihe

     

    The Great Recession led to widespread mortgage defaults, with borrowers resorting to both foreclosures and short sales to resolve their defaults. I first quantify the economic impact of foreclosures relative to short sales by comparing the home price implications of both. After accounting for omitted variable bias, I find that homes selling as short sales transact at 9.2% to 10.5% higher prices on average than those that sell after foreclosure. Short sales also exert smaller negative externalities than foreclosures, with one short sale decreasing nearby property values by 1 percentage point less than a foreclosure. So why weren’t short sales more prevalent? These home price benefits did not increase the prevalence of short sales because free rents during foreclosures caused more borrowers to select foreclosures, even though higher advances led servicers to prefer more short sales. In states with longer foreclosure timelines, the benefits from foreclosures increased for borrowers, so short sales were less utilized. I find that one standard deviation increase in the average length of the foreclosure process decreased the short sale share by 0.35 to 0.45 standard deviation. My results suggest that policies that increase the relative attractiveness of short sales could help stabilize distressed housing markets

     
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    Quelle: Verbundkataloge
    Sprache: Englisch
    Medientyp: Buch (Monographie)
    Format: Online
    Schriftenreihe: Working paper / Research Department, Federal Reserve Bank of Philadelphia ; 19, 13 (February 2019)
    FRB of Philadelphia Working Paper ; No. 19-13
    Schlagworte: foreclosures; short sales; externalities; home prices; mortgage servicing
    Umfang: 1 Online-Ressource (circa 64 Seiten), Illustrationen
  3. Il funzionamento delle procedure esecutive immobiliari tra riforme e pandemia
    Autor*in: Calanca, Marina; Cipollini, Luigi; Giacomelli, Silvia; Palumbo, Giuliana; Rodano, Giacomo
    Erschienen: [2022]
    Verlag:  Banca d'Italia, [Rom]

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    Standort:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signatur:
    VS 547
    Fernleihe:
    keine Fernleihe
    Export in Literaturverwaltung   RIS-Format
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    Quelle: Verbundkataloge
    Sprache: Italienisch
    Medientyp: Buch (Monographie)
    Format: Online
    Weitere Identifier:
    Schriftenreihe: Questioni di economia e finanza / Banca d'Italia ; number 742 (Dicembre 2022)
    Schlagworte: foreclosures; civil justice reform; non-performing loans
    Umfang: 1 Online-Ressource (circa 44 Seiten), Illustrationen