Forced Sales and House Prices

Jaime Luque
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Jaime Luque: 1University of Wisconsin-Madison, USA

Chapter 11 in The Subprime Crisis:Lessons for Business Students, 2017, pp 91-98 from World Scientific Publishing Co. Pte. Ltd.

Abstract: Though the fall in housing prices can be attributed to foreclosures, forced sales also had a significant impact on the decline of the housing sector. Taking into consideration the externalities that arise from selling a house at a fire-sale price, it is pertinent to explore the impact that these sales have on the rest of the houses in a neighborhood. We can use this insight to be able to contain economic downturns and market fluctuations…

Keywords: Subprime Crisis; Great Recession; 2009 Recession; Mortgage; Financial Market; Preventing Recession; 2009 Crisis; Interest Rates (search for similar items in EconPapers)
JEL-codes: G01 G1 (search for similar items in EconPapers)
Date: 2017
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