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Examining the rising foreclosure rate

Author

Listed:
  • 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.

Suggested Citation

  • Richard Deitz & Ramon Garcia, 2003. "Examining the rising foreclosure rate," The Regional Economy of Upstate New York, Federal Reserve Bank of New York, issue Spr.
  • Handle: RePEc:fip:fednre:y:2003:i:spr
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    File URL: https://www.newyorkfed.org/medialibrary/media/research/regional_economy/spring2003.pdf
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    References listed on IDEAS

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    1. Carolyn Sherwood-Call, 1990. "Assessing regional economic stability: a portfolio approach," Economic Review, Federal Reserve Bank of San Francisco, issue Win, pages 17-26.
    2. Glaeser, Edward L & Hedi D. Kallal & Jose A. Scheinkman & Andrei Shleifer, 1992. "Growth in Cities," Journal of Political Economy, University of Chicago Press, vol. 100(6), pages 1126-1152, December.
      • Edward L. Glaeser & Hedi D. Kallal & Jose A. Scheinkman & Andrei Shleifer, 1991. "Growth in Cities," NBER Working Papers 3787, National Bureau of Economic Research, Inc.
      • Glaeser, Edward Ludwig & Kallal, Hedi D. & Scheinkman, Jose A. & Shleifer, Andrei, 1992. "Growth in Cities," Scholarly Articles 3451309, Harvard University Department of Economics.
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