Local Responses to Foreclosure: An Examination of the Effects of Vacancy Ordinances in the Older Suburbs of Cleveland
*Names in bold indicate Presenter
Using spatial statistics, including spatial linear regression analysis, I find that vacancy ordinances can help stabilize property values and improve property conditions in some older suburbs in Cleveland, particularly in those with particular types of ordinances. The findings from this paper suggest ways local governments responses can help stabilize some of the negative impacts of the foreclosure crisis.
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