Foreclosures, House Prices, and the Real Economy
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States without a judicial requirement for foreclosures are twice as likely to foreclose on delinquent homeowners. Comparing zip codes close to state borders with differing foreclosure laws, we show that foreclosure propensity and housing inventory jump discretely as one enters non-judicial states.
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美国国家经济研究局创建时间：
2011-01-01
