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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 repossessed property for sale and regular homes posted positive sales figures in some areas of New York. Data for February showed sales up in some markets.

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 repo homes for sale and regular houses are set to record higher sales in the coming months in some areas of Florida. Pending sales transactions were up.

Bank REO properties for sale and foreclosure numbers remain high in California. Realtors are promoting short sales in an effort to stop foreclosure increases.

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.

Short sales are still a viable option for homeowners completely "under water" with their home price and faltering on their mortgage payments. Short sales in Florida are increasingly popular to rectify the situation and kick the real estate market into high gear. Homes sold in this manner do fall short of the money owed on the property, but banks are desperate to get these homes generating income once again.

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

Bank owned condos and housing unit pending sales declined in Seattle in January. However, realtors predict that residential sales will be higher this year.

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.

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.

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.

Short sales are still a viable option for homeowners completely "under water" with their home price and faltering on their mortgage payments. Short sales in Florida are increasingly popular to rectify the situation and kick the real estate market into high gear. Homes sold in this manner do fall short of the money owed on the property, but banks are desperate to get these homes generating income once again.

Empty bank homes for sale and foreclosed properties in Albuquerque are getting vandalized. According to local officials, the number of incidents has increased.

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%.

Cleveland Heights has rehabbed new additional bank repos for sale that are now available on the market. Buyers can now enjoy these newly-renovated homes.

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.

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

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In February, bank foreclosures and distressed houses accounted for a large percentage of home sales in Phoenix. Over 3,600 foreclosures were sold for the month.