Housing & Community Development

The Neighborhood Effects of Concentrated Foreclosures

The Neighborhood Effects of Concentrated Foreclosures
Journal of Housing Economics, 17(4): 306-319

Ellen, I.G., Schuetz, J. & Been, V.
04/01/2008

As the national mortgage crisis has worsened, an increasing number of communities are facing declining housing prices and high rates of foreclosure. Central to the call for government intervention in this crisis is the claim that foreclosures not only hurt those who are losing their homes to foreclosure, but also harm neighbors by reducing the value of nearby properties and in turn, reducing local governments’ tax bases. The extent to which foreclosures do in fact drive down neighboring property values has become a crucial question for policy-makers. In this paper, we use a unique dataset on property sales and foreclosure filings in New York City from 2000 to 2005 to identify the effects of foreclosure starts on housing prices in the surrounding neighborhood. Regression results suggest that above some threshold, proximity to properties in foreclosure is associated with lower sales prices. The magnitude of the price discount increases with the number of properties in foreclosure, but not in a linear relationship.

Who Is Accountable for Racial Equity in Health Care?

Who Is Accountable for Racial Equity in Health Care?
Journal of the American Medical Association. Vol. 299 No.7, February 20: 814-816.

Blustein, J.
02/20/2008

Racial disparities are a ubiquitous feature of the US medical landscape, with health care delivery substantially segregated by race/ethnicity. Recent evidence from hospitals,1-3 nursing homes,4-5 and physicians' offices6 suggests that those caring for minority patients do not perform as well as those who care for nonminority patients, on average. This evidence is troubling but hardly surprising because the limited resources of those who care for the poor have helped to create and sustain racial disparities. As the United States enters an era of accountability in health care, it is time to consider these familiar circumstances from a new perspective.

Long-Term Associations of Homelessness with Children's Well-Being

Long-Term Associations of Homelessness with Children's Well-Being
American Behavioral Scientist, Feb 2008, Vol. 51 Issue 6, p789-809, 21p

Shinn, M., Schteingart, J.S., Williams, N.P., Carlin-Mathis, J., Bialo-Karagis, N.,Becker-Klein, R. & Weitzman, B.C.
02/01/2008

To analyze long-term consequences of homelessness, the authors compared 388 formerly homeless children 55 months after shelter entry with 382 housed peers, birth to 17, using mother- and child-reported health, mental health, community involvement, cognitive performance, and educational records. Both groups scored below cognitive and achievement norms. Small group differences favored housed 4- to 6-year-olds on cognition and 4- to 10-year-olds on mental health only. Child care and recent stressful events, which were high, were as or more important than prior homelessness. Only children living with mothers were included, potentially biasing results. Policy implications are discussed.

Evaluating Environmental and Economic Benefits of Yellow-Dust Storm Related Policies in Northern China

Evaluating Environmental and Economic Benefits of Yellow-Dust Storm Related Policies in Northern China
International Journal of Sustainable Development and World Ecology, Vol. 15, pp. 457-470

Guo, Z. & Ning, A., Ploenske, K.R.
01/01/2008

Yellow-dust storms (YDSs) have attracted increasing attention worldwide in the past decade. They can extensively disrupt socioeconomic activities and pose hazards to ecosystems, as well as human health.  In recent years, China has invested multi-billions of dollars to mitigate the impact of YDSs.  However, the effectiveness of such YDS-control programs has rarely been evaluated. This research develops a causal model to quantify the environmental benefits of YDS-control programs in China, and further employs regional economic models to evaluate the ensuing economic impacts. The economic benefits generated from the YDS-control programs have remained stable across the years, primarily because of the multiplier effect of the investments, while the environmental benefits tend to decline over time.  Our results suggest that YDS-control programs should consider stimulating local economic activities in addition to environmental goals in order to be cost-effective and sustainable in the long term.

Micro-Credit

Micro-Credit
New Palgrave Dictionary of Economics Second Edition.  Palgrave Macmillan. 2008

Morduch, J. & Durlauf, S., Blume, L.
01/01/2008

Written by 1506 eminent contributors, this new edition of The New Palgrave Dictionary of Economics retains many classic essays of enduring importance and contains 1,872 articles. Published in eight print volumes and for the first time in online format, this is the definitive scholarly reference work for a new generation of economists.

Spillovers and Subsidized Housing: The Impact of Subsidized Rental Housing on Neighborhoods

Spillovers and Subsidized Housing: The Impact of Subsidized Rental Housing on Neighborhoods
In Revisiting Rental Housing.  Edited by Belsky, E. and Nicolas Retsinas. Washington, DC, Brookings Institution Press.

Ellen, Ingrid G.
01/01/2008

Leading housing researchers build upon decades of experience, research, and evaluation to inform our understanding of the nations rental housing challenges and what can be done about them. It thoughtfully addresses not only present issues affecting rental housing, but also viable solutions.

The Intergenerational Transmission of Context

The Intergenerational Transmission of Context
American Journal of Sociology, Jan 2008, Vol. 113 Issue 4, p931-969, 39p.

Sharkey, P.
01/01/2008

This article draws on the extensive literature on economic and social mobility in America to examine intergenerational contextual mobility, defined as the degree to which inequalities in neighborhood environments persist across generations. PSID data are analyzed to reveal remarkable continuity in neighborhood economic status from one generation to the next. The primary consequence of persistent neighborhood stratification is that the racial inequality in America's neighborhoods that existed a generation ago has been transmitted, for the most part unchanged, to the current generation. More than 70% of black children who grow up in the poorest quarter of American neighborhoods remain in the poorest quarter of neighborhoods as adults, compared to 40% of whites. The results suggest that racial inequality in neighborhood economic status is substantially underestimated with short-term measures of neighborhood income or poverty and, second, that the steps taken to end racial discrimination in the housing and lending markets have not enabled black Americans to advance out of America's poorest neighborhoods.

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