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Price Differences Between Foreclosures and Non-Foreclosures

Zillow's Chief Economist, Dr. Stan Humphries, has called foreclosures and non-foreclosures two distinct markets - a comment that set off some debate in a previous blog post.

That debate prompted us to delve further into the issue, and today Zillow released a white paper called "Price Differences Between Foreclosures and Non-Foreclosures." It turns out that, in most markets, foreclosures and non-foreclosures do indeed constitute two distinct markets, with previously foreclosed homes regularly fetching much lower prices than non-foreclosed homes with similar attributes.

Here is the full paper:

Zillow's Chief Economist, Dr. Stan Humphries, released the following white paper today analyzing foreclosure home sales. I think you'll find it very interesting.

 

ZillowResearchBrief_ForeclosureDelta

 

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Comment balloon 1 commentSara Bonert • January 26 2010 03:05PM

Comments

Sara,

Interesting reading. Here in Vegas it seems to hold true that there two separate markets, although it really shouldn't be like that.

Posted by Esko Kiuru over 10 years ago

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