The Foreclosure Crisis in NYC: Patterns, Origins, and Consequences

We will report on trends and geographic patterns in foreclosures in NYC and discuss the factors that have contributed to the rise in foreclosures. We will also explain the foreclosure process, explore potential consequences on households and neighborhoods, and report on some research examining impacts on neighborhood crime, neighborhood property values and the school mobility and choices of public school students.

Ingrid Gould Ellen is Professor of Urban Planning and Public Policy at New York University’s Wagner School and Co-Director of the Furman Center for Real Estate and Urban Policy. Her research centers on neighborhoods, housing, and residential segregation. Professor Ellen is author of Sharing America’s Neighborhoods: The Prospects for Stable Racial Integration (Harvard University Press, 2000) and has been published in such journals as the Journal of Urban Economics, the Journal of Policy Analysis and Management, Urban Studies, and Housing Policy Debate. She is currently undertaking a national study of economic change in U.S. neighborhoods. In addition, she is studying whether and how foreclosures shape children’s school mobility and performance, and how foreclosures affect crime levels in the immediately surrounding area.

PDF of Powerpoint Presentation: The Foreclosure Crisis in NYC

Click here for Audio of Ingrid Ellen's Presentation