Housing & Real Estate | Economics Research Group

Housing & Real Estate

ERG researchers specialize in the study of local, regional, and national housing markets. Recent focuses include:
  • Foreclosures
  • Valuation of Non-market Goods
  • Impacts of Land Use Regulations
  • Impacts of Natural Disasters


Zhang, L., Leonard, T. (In Press) Flood Hazards Impact on Neighborhood House Prices. J of Real Estate Finance & Economics. DOI: 10.1007/s11146-018-9664-1

Zhang, L., Leonard, T., Dias, R. 2017. Foreclosed and Sold: An Examination of Community and Property Characteristics Related to the Sale of REO Properties. Urban Affairs Review.

Leonard, T., Jha, N., Zhang, L. 2017. Neighborhood Price Externalities of Foreclosure Rehabilitation: An Examination of the Neighborhood Stabilization Program. Empirical Economics. 52(3): 955-975.

Leonard, T. 2016. Housing Upkeep and Public Good Provision in Residential Neighborhoods. Housing Policy Debate. 1-21.

Leonard, T., Powell-Wiley, T.M., Ayers, C. Murdoch, J.C., Yin, Wenyuan, Pruitt, S.L. 2016. Property Values as a Measure of Neighborhoods-- An Application of Hedonic Price Theory. Epidemiology. 27(4): 518-524

Zhang L, Leonard T, Murdoch JC. 2016. Time and Distance Heterogeneity in the Neighborhood Spillover Effects of Foreclosed Properties. Housing Studies. 31(2): 133-148.

Leonard, T., L. Zhang, C. Hoehner. 2015. Variations in Park Facility Valuations across Neighborhoods. Applied Spatial Analysis and Policy. 8(1): 45-67.

Zhang, L., T. Leonard. 2014. Neighborhood Impact of Foreclosure: A Quantile Regression Approach. Journal of Regional Science and Urban Economics. 48, 133-143.

Leonard, T., Di, Wenhua. 2014. Is Household Wealth Sustainable? An Examination of Asset Poverty Reentry After an Exit. Journal of Family and Economic Issues. 35:2, 131-144.

Caughy, Margaret O., Leonard, T., Beron, K., Murdoch, J. 2013. Defining Neighborhood Boundaries in Studies of Spatial Dependence in Child Behavior Problems. International Journal of Health Geographics. 12:24. http://www.ij-healthgeographics.com/content/12/1/24.

Leonard, T. 2013. The Impact of Housing Market Conditions on Residential Property Upkeep. Housing Studies. 28:1, 33-56.

Leonard T., Caughy M.O., Mays K., Murdoch J.C. 2011. Systematic neighborhood observations at high spatial resolution: Methodology and assessment of potential benefits. PLoS ONE 6(6): e20225. doi:10.1371/journal.pone.0020225.

Leonard, T., J.C. Murdoch. 2009. The neighborhood effects of foreclosure. Journal of Geographical Systems 11.4 (2009): 317-332.

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