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An Empirical Analysis of Residential Property Flipping

โœ Scribed by Craig A. Depken; Harris Hollans; Steve Swidler


Book ID
106513952
Publisher
Springer US
Year
2009
Tongue
English
Weight
346 KB
Volume
39
Category
Article
ISSN
0895-5638

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The recent literature advances a hypothesis that addresses the possibility of mortgage redlining caused by a dynamic information externality in property appraisals and mortgage lending. In particular, Lang and Nakamura (1993) hypothesize that because property appraisals depend on past transactions,