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Examining the rising foreclosure rate

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  • Richard Deitz
  • Ramon Garcia

Abstract

We examine the foreclosure rate in the U.S. economy and outline factors that may be contributing to its rise. We also investigate the behavior of foreclosure rates in New York State and six of its major metropolitan areas. Particular attention is given to Buffalo, where foreclosures increased fourfold in the 1990s.

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Bibliographic Info

Article provided by Federal Reserve Bank of New York in its journal The Regional Economy of Upstate New York.

Volume (Year): (2003)
Issue (Month): Spr ()
Pages:

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Handle: RePEc:fip:fednre:y:2003:i:spr

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Keywords: Mortgage loans - New York (State) ; Home ownership - New York (State) ; Federal Reserve District; 2nd;

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