Deirdre Pfeiffer - Academia.edu (original) (raw)
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Little is known about how investors purchasing foreclosures during the recent U.S. housing crisis... more Little is known about how investors purchasing foreclosures during the recent U.S. housing crisis are affecting neighborhood crime. While they may decrease crime by
reducing vacancies or bettering neighborhood conditions, they may increase it by escalating neighborhood turnover. Combining local police department data on calls for service with foreclosure, home sales, and sociodemographic data, this research uses longitudinal modeling to assess the relation between the purchasing of foreclosures by investors and calls for service in neighborhoods in Chandler, Arizona, a Phoenix
suburb where investors are renting former foreclosures. Neighborhoods where foreclosures were more often purchased by investors had more calls for service about
violent crime the following year.
Journal of Urban Affairs, 2012
Housing Policy Debate, 2013
Although a rich literature exists on the determinants and effects of concentrated foreclosures, l... more Although a rich literature exists on the determinants and effects of concentrated foreclosures, little is known about what drives variation in how long real estate owned (REO) properties take to sell and to whom, particularly in Latino communities heavily affected by the current foreclosure crisis. This research employs multilevel and event history modeling to assess the factors associated with recent REOs’ likelihood of sale, sale to an investor, and sale to a Spanish-surname household in a sample of majority Latino Southern California neighborhoods. Properties in inner-city and exurban Latino neighborhoods with larger black population shares were less likely to sell and more likely to sell to investors if they did, while those located in lower poverty, largely Latino communities were more likely to sell to Spanish-surname households. These results suggest that the crisis is both exacerbating existing patterns of inequality and segregation while enabling Latinos’ homeownership in potentially socioeconomic mobility-enabling areas.
Little is known about how investors purchasing foreclosures during the recent U.S. housing crisis... more Little is known about how investors purchasing foreclosures during the recent U.S. housing crisis are affecting neighborhood crime. While they may decrease crime by
reducing vacancies or bettering neighborhood conditions, they may increase it by escalating neighborhood turnover. Combining local police department data on calls for service with foreclosure, home sales, and sociodemographic data, this research uses longitudinal modeling to assess the relation between the purchasing of foreclosures by investors and calls for service in neighborhoods in Chandler, Arizona, a Phoenix
suburb where investors are renting former foreclosures. Neighborhoods where foreclosures were more often purchased by investors had more calls for service about
violent crime the following year.
Journal of Urban Affairs, 2012
Housing Policy Debate, 2013
Although a rich literature exists on the determinants and effects of concentrated foreclosures, l... more Although a rich literature exists on the determinants and effects of concentrated foreclosures, little is known about what drives variation in how long real estate owned (REO) properties take to sell and to whom, particularly in Latino communities heavily affected by the current foreclosure crisis. This research employs multilevel and event history modeling to assess the factors associated with recent REOs’ likelihood of sale, sale to an investor, and sale to a Spanish-surname household in a sample of majority Latino Southern California neighborhoods. Properties in inner-city and exurban Latino neighborhoods with larger black population shares were less likely to sell and more likely to sell to investors if they did, while those located in lower poverty, largely Latino communities were more likely to sell to Spanish-surname households. These results suggest that the crisis is both exacerbating existing patterns of inequality and segregation while enabling Latinos’ homeownership in potentially socioeconomic mobility-enabling areas.