The Impact of Vacant, Tax-Delinquent, and Foreclosed Property on Sales Prices of Neighboring Homes

This empirical analysis estimates the impact of vacancy and neglect associated with material property-tax delinquency and foreclosures on the value of neighboring homes using parcel-level observations.  The Federal Reserve Bank of Cleveland believes that this is only the second study which estimates the impact of vacancy itself and the first to estimate the impact of tax-delinquent properties on neighboring home sales.  Learn more