Replication data for: Forced Sales and House Prices

Principal Investigator(s): View help for Principal Investigator(s) John Y. Campbell; Stefano Giglio; Parag Pathak

Name	File Type	Size	Last Modified
20090375_data			05/29/2025 08:40:PM
Changelog.txt	text/plain	493 bytes	05/29/2025 04:40:PM
LICENSE.txt	text/plain	14.6 KB	05/29/2025 04:40:PM
Manifest-v0.txt	text/plain	219.4 KB	05/29/2025 04:39:PM
Manifest-v1.txt	text/plain	2.1 KB	05/29/2025 04:40:PM
original.zip	application/zip	213 MB	05/29/2025 04:40:PM

Project Citation:

Campbell, John Y., Giglio, Stefano, and Pathak, Parag. Replication data for: Forced Sales and House Prices. Nashville, TN: American Economic Association [publisher], 2011. Ann Arbor, MI: Inter-university Consortium for Political and Social Research [distributor], 2025-05-29. https://doi.org/10.3886/E231345V1

Project Description

Summary: This paper uses data on all house transactions in Massachusetts over the last 20 years to show that houses sold after foreclosure, or close in time to the death or bankruptcy of a seller, are sold at lower prices than other houses. Foreclosure discounts are on average at 27 percent of the value of a house. Moreover, foreclosures that take place within small local geographies of a house lower the price at which it is sold. Our preferred estimate is that a foreclosure at a distance of 0.05 miles lowers the price of a house by about 1 percent.

Scope of Project

JEL Classification:
D14 Household Saving; Personal Finance
R31 Housing Supply and Markets

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Published Versions

V1 [2025-05-29]

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