Skip to main content
Article
The Value of Foreclosed Property
Journal of Real Estate Research
  • Anthony Pennington-Cross, Marquette University
Document Type
Article
Language
eng
Format of Original
22 p.
Publication Date
4-1-2006
Publisher
American Real Estate Society
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

Published version. Journal of Real Estate Research, Vol. 28, No. 2 (April-June 2006): 193-214. Publisher Link. © American Real Estate Society 2006. Used with permission.

Anthony Pennington-Cross was affiliated with the Federal Reserve Bank of St. Louis at the time of publication.

Citation Information
Anthony Pennington-Cross. "The Value of Foreclosed Property" Journal of Real Estate Research (2006) ISSN: 0896-5803
Available at: http://works.bepress.com/anthony_pennington_cross/15/