Are Foreclosures an Externality?

In August 2012, the Federal Reserve Bank of Atlanta released a new working paper by Gerardi et al. entitled“Foreclosure Externalities: Some New Evidence.” The question was and is, Do residential foreclosures affect the value of neighboring properties? This has been an ongoing debate, fueled by the unprecedented number of foreclosed […]

Commercial and Residential Real Estate Analysis for Lowndes County, Georgia, Summer 2010

This paper analyzes the commercial and residential real estate markets in Lowndes County, Georgia. Both market analyses include factors such as sales, average days on the market, absorption rates, and building permit activity. The commercial market analysis also examines hotel occupancy rates and vacancy and rental rates, while the […]