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NEP: New Economics Papers Urban and Real Estate Economics Edited by: Steve Ross University of Connecticut Issue date: 2012-04-17 Papers: 23 Note: Access to full contents may be restricted.  NEP is sponsored by SUNY Oswego. To subscribe/unsubscribe follow this link http://lists.repec.org/mailman/options/nep-ure In this issue we have: Is India's Manufacturing Sector Moving Away From Cities? Ejaz Ghani; Arti Grover Goswami; William R. Kerr A Regional Model of Endogenous Growth with Creative Destruction Steven Bond-Smith Local average neighborhood effects from moving to opportunity Dionissi Aliprantis; Francisca G.-C. Richter Compulsory Schooling Laws and In-School Crime: Are Delinquents Incapacitated? Gregory A. Gilpin; Luke A. Pennig What price a roof? Housing and the cost of living in 16th-century Toledo Drelichman, Mauricio; Gonzalez Agudo, David Well-Being in Germany: GDP and Unemployment Still Matter Johannes Vatter Landfill Diversion in a Decentralized Setting: a Dynamic Assessment of Landfill Taxes Massimiliano Mazzanti; Francesco Nicolli Taxing home ownership: distributional effects of including net imputed rent in taxable income Francesco Figari; Alari Paulus; Holly Sutherland; Panos Tsakloglou; Gerlinde Verbist; Francesca Zantomio Early Childhood "Pay-For-Success" Social Impact Finance: A PKSE Bond Example to Increase School Readiness and Reduce Special Education Costs Robert Dugger; Robert Litan Complex Methods in Economics: An Example of Behavioral Heterogeneity in House Prices Bolt, W.; Demertzis, D.; Diks, C.G.H.; Van der Leij, M.J. Robust Test for Spatial Error Model:Considering Changes of Spatial Layouts and Distribution Misspecification Guo, Penghui; Liu, Lihu Comparing Treatments across Labor Markets: An Assessment of Nonexperimental Multiple-Treatment Strategies Carlos A. Flores; Oscar A. Mitnik Understanding Places Using a Mixed Method Approach Deutsch, Kathleen E; Goulias, Konstadinos G. Hope VI Fairfield Court Neighborhood: 2011 Evaluat

Bank foreclosure property sales accounted for a huge percentage of residential sales in some areas of California. This prevented housing prices from improving.

Foreclosed HUD houses and bank foreclosures outnumber short sales by a huge margin in California. Agents claim that banks are reluctant to approve short sales.

Bank auction properties for sale and foreclosed homes continue to drag housing prices down in Atlanta. February data showed home prices dropping by over 8%.

Realtors in several areas of New York are optimistic that sales of foreclosed houses and bank owned condominium properties will grow in 2011. According to them, the low prices will draw buyers.

Real estate in India is undergoing a dim phase and the year 2012 has witnessed plummetting sales and launches across the country. Developers are coming up with innovative plans and schemes along with cooperation from banks to revive sales of houses in the country. Subvention scheme is an innovative scheme introduced by a number of developers as a part of their endeavour to make the property transaction customer friendly. Under the subvention plan, a customer buys an under constructipon property for which he/she does not have to pay EMIs for a defined period or until he/she takes possession of the house. Usually, private and nationalised banks tie up with developers to offer loans for such subvention plans.

Sales of existing houses and bank owned rentals surged in most metro areas of Florida last year. The whole state also recorded higher sales in the existing residential property market in 2010.

Bank repossessed properties for sale sellers in Oklahoma City are expected to get buyers soon. The city's downtown area is preparing for a new tenant company.

Bank owned real estate for sale and foreclosures account for a huge percentage of Las Vegas sales. In February, only around 20% of sales were for regular homes.

Bank owned land foreclosures and distressed homes continue to drag housing prices down in Philadelphia. Sales of existing dwellings were also down in February.

Despite the low prices of properties under bank and HUD foreclosure homes list, buyers chose to remain on the sidelines as housing sales decline in Houston in November. Although sales dropped for the month, prices of residences improved.

The large volume of homes in bank owned property listings is causing major problems in the housing market. Other factors are also contributing to the situation.

Bank owned land and residential properties in Minneapolis are gaining the interest of buyers. Home pending sales were up in the area in January from a year ago.

In Utah, owners of bank foreclosed house for sale called on the state Legislature to take further actions on foreclosures. They are being aided by advocacy groups.

Each week, new REO bank owned properties enter the housing market, resulting to the further drop of home prices. This event has attracted bargain hunters.

A home inspection is important when buying a house in Orlando because many of the houses are bank owned and have been uninhabited for a long time. This makes getting a home inspection a top priority for potential home owners. A home inspection is important for potential buyers so they are not met with any surprises in the future.

Bank foreclosure homes for sale numbers remain high in most U.S. areas, but analysts stated that housing is getting better. Prices are stabilizing in markets.