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Title:

Does Urban Sprawl Exacerbate Housing Foreclosure? A Nationwide Study of Built Environmental Characteristics, Transportation Accessibility and Housing Foreclosure in the U.S.

Accession Number:

01663342

Record Type:

Component

Abstract:

Mortgage defaults and housing affordability have been controversial issues in the US in recent years. The considerable number of housing foreclosures have damaged the homeowners and hindered the neighborhoods and cities growth as a whole. This leads to a debate of how we should rebuild and reshape our cities. Different research studies have emphasized the importance of sociodemographic factors on the likelihood of foreclosure. However, the literature offers little evidence on how, and to what extent urban sprawl might influence the risk of mortgage default. This study seeks to address this gap in the literature through testing hypotheses about the links between sprawl development and housing foreclosure for metropolitan counties in the U.S. The authors used the Compactness Indices from Measuring Sprawl 2017 and the foreclosure data from the RealtyTrac Inc. After controlling for confounding variables, this study found that urban sprawl is positively and considerably connected with the higher rate of foreclosure. For each one percent increase in the rate of county compactness, foreclosure level decreases by 1.03 percent. This could be due to the higher level of auto dependency and auto ownership in sprawling counties which uses a substantial portion of households’ budget for driving and automobile maintenance. This could also be due to the high expenses of housing maintenance and utilities for the larger properties in sprawling districts which sequentially upsurges the possibility of mortgage default for inhabitants of these districts.

Supplemental Notes:

This paper was sponsored by TRB committee ADD30 Standing Committee on Transportation and Land Development. Alternate title: Does Urban Sprawl Exacerbate Housing Foreclosure? A Nationwide Study of Built Environmental Characteristics, Transportation Accessibility, and Housing Foreclosure in the United States

Report/Paper Numbers:

18-06411

Language:

English

Authors:

Hamidi, Shima
Hajjafari, Hamid

Pagination:

13p

Publication Date:

2018

Conference:

Transportation Research Board 97th Annual Meeting

Location: Washington DC, United States
Date: 2018-1-7 to 2018-1-11
Sponsors: Transportation Research Board

Media Type:

Digital/other

Features:

References; Tables

Subject Areas:

Economics; Highways; Planning and Forecasting; Policy

Source Data:

Transportation Research Board Annual Meeting 2018 Paper #18-06411

Files:

TRIS, TRB, ATRI

Created Date:

Jan 8 2018 11:39AM