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Working Papers

Option Value and Storefront Vacancy in New York City

Erica Moszkowski, Daniel Stackman • April 12, 2023

Why do storefronts remain empty for more than a year in some of the world’s highest-rent retail districts? Landlords with vacancies derive option value from two sources of…
Blog

Foreclosures: The Great Untold Story

Chris Arnold • April 30, 2013

From time to time, Housing Perspectives features posts by guest bloggers. Today’s post, written by NPR Housing and Economics Correspondent Chris Arnold, reflects…