The impact of mortgage foreclosure on housing prices and homeownership in Charlotte, North Carolina

At the end of the last century, the U.S. housing market was volatile. The average price of housing increased by 50 percent, while the national rate of loans entering foreclosure was 0.3 percent. Across the nation, local housing markets displayed uneven gains in housing prices as foreclosure impacted...

Ausführliche Beschreibung

Gespeichert in:  
Bibliographische Detailangaben
1. VerfasserIn: Ludden, Thomas Morey (VerfasserIn)
Körperschaft: NC DOCKS at The University of North Carolina at Charlotte (VerfasserIn)
Medienart: Elektronisch Buch
Sprache:Englisch
Veröffentlicht: 2011
In:Jahr: 2011
Online-Zugang: Volltext (kostenfrei)
Verfügbarkeit prüfen: HBZ Gateway

MARC

LEADER 00000nam a22000002 4500
001 1866123645
003 DE-627
005 20231018043633.0
007 cr uuu---uuuuu
008 231018s2011 xx |||||o 00| ||eng c
035 |a (DE-627)1866123645 
035 |a (DE-599)KXP1866123645 
040 |a DE-627  |b ger  |c DE-627  |e rda 
041 |a eng 
084 |a 2,1  |2 ssgn 
100 1 |a Ludden, Thomas Morey  |e VerfasserIn  |4 aut 
245 1 4 |a The impact of mortgage foreclosure on housing prices and homeownership in Charlotte, North Carolina 
264 1 |c 2011 
336 |a Text  |b txt  |2 rdacontent 
337 |a Computermedien  |b c  |2 rdamedia 
338 |a Online-Ressource  |b cr  |2 rdacarrier 
520 |a At the end of the last century, the U.S. housing market was volatile. The average price of housing increased by 50 percent, while the national rate of loans entering foreclosure was 0.3 percent. Across the nation, local housing markets displayed uneven gains in housing prices as foreclosure impacted neighborhoods differently. The scope and varying contexts surrounding foreclosure activity between 2003 and 2007 present an opportunity to expand the core knowledge of housing studies. What is largely absent from the current housing analysis is the geographical impact of the contemporary mortgage distress on housing prices and ownership. This research examines the impact of foreclosure on housing prices and homeownership at the neighborhood level analyzing concentration, proximity and length of foreclosure while controlling for the temporal, neighborhood and housing characteristics. The empirical analysis of the issue used local data and contextual templates from Charlotte, North Carolina. The research findings indicate that proximity to and proportion of foreclosures in a neighborhood had the greatest negative impact on housing prices in neighborhoods with housing valued at less than $250,000. The length of foreclosure was shown to have a negative impact on housing prices in the lowest valued housing neighborhoods. The length of foreclosure also negatively impacted home ownership rates. Other findings revealed that structural, neighborhood, and distance variables influenced home ownership rates 
710 2 |a NC DOCKS at The University of North Carolina at Charlotte  |e VerfasserIn  |4 aut 
856 4 0 |u https://core.ac.uk/download/345080159.pdf  |x Verlag  |z kostenfrei  |3 Volltext 
912 |a NOMM 
935 |a mkri 
951 |a BO 
ELC |a 1 
LOK |0 000 xxxxxcx a22 zn 4500 
LOK |0 001 4391804409 
LOK |0 003 DE-627 
LOK |0 004 1866123645 
LOK |0 005 20231018043633 
LOK |0 008 231018||||||||||||||||ger||||||| 
LOK |0 035   |a (DE-2619)CORE80046640 
LOK |0 040   |a DE-2619  |c DE-627  |d DE-2619 
LOK |0 092   |o n 
LOK |0 852   |a DE-2619 
LOK |0 852 1  |9 00 
LOK |0 935   |a core 
OAS |a 1 
ORI |a SA-MARC-krimdoka001.raw