Is Investor Purchasing of Foreclosures Related to Neighborhood Crime? Evidence From a Phoenix Suburb

Research output: Contribution to journalArticle

11 Scopus citations

Abstract

Little is known about how investors purchasing foreclosures during the recent U.S. housing crisis are affecting neighborhood crime. While they may decrease crime by reducing vacancies or bettering neighborhood conditions, they may increase it by escalating neighborhood turnover. Combining local police department data on calls for service with foreclosure, home sales, and sociodemographic data, this research uses longitudinal modeling to assess the relation between the purchasing of foreclosures by investors and calls for service in neighborhoods in Chandler, Arizona, a Phoenix suburb where investors are renting former foreclosures. Neighborhoods where foreclosures were more often purchased by investors had more calls for service about violent crime the following year.

Original languageEnglish (US)
Pages (from-to)67-90
Number of pages24
JournalHousing Policy Debate
Volume25
Issue number1
DOIs
StatePublished - Jan 2 2015

Keywords

  • crime
  • foreclosure
  • investor

ASJC Scopus subject areas

  • Development
  • Urban Studies
  • Management, Monitoring, Policy and Law

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