Foreclosure, Vacancy and Crime [report]

Lin Cui, Randall Walsh
2014 unpublished
This paper examines the impact of residential foreclosures and vacancies on violent and property crime. To overcome confounding factors, a difference-in-difference research design is applied to a unique data set containing geocoded foreclosure and crime data from Pittsburgh, Pennsylvania. Results indicate that while foreclosure alone has no effect on crime, violent crime rates increase by roughly 19% once the foreclosed home becomes vacant -an effect that increases with length of vacancy. We
more » ... d weak evidence suggesting a potential vacancy effect for property crime that is much lower in magnitude.
doi:10.3386/w20593 fatcat:dtsazgqpkrbyzi4akxhcn74oxm