Investigate sources of home foreclosure rate data

[lucasmbrown-usds]

Description Investigate measures of home foreclosure rates that are available at the census tract level.

Some leads:

• https://www.huduser.gov/portal/NSP2datadesc.html

• http://www.thecyberhood.net/documents/papers/anacker2015.pdf

[ahlusar1989]

Hmmmmm: "Also, note that the foreclosure problem estimated here is of "foreclosure starts". Data from HOPE NOW indicate that fewer than half of loans that start the foreclosure process complete it. Many borrowers become current, have their loans modified, sell their home in a short-sale, and other outcomes. Thus, the estimates here are assumed to overstate the actual number of homes that would become Real Estate Owned." Thanks for the reference @lucasmbrown-usds. I am learning a lot from this exercise.

[lucasmbrown-usds]

https://www.ojp.gov/pdffiles1/nij/grants/248336.pdf

These data represent actual foreclosures, defined here as Real Estate Owned [REO] transactions and foreclosure sales or auctions, within each census tract in our sample. We obtained address-level foreclosure data from RealtyTrac for our sample cities, and then geocoded these records to generate census tract foreclosure counts

[lucasmbrown-usds]

EvictionLab has data, but it's often unavailable at the level of the tract:

https://evictionlab.org/map/#/2016?geography=tracts&bounds=-76.702,39.266,-76.538,39.329&type=er&locations=24510110100,-76.613,39.296%2B24510110200,-76.617,39.302%2B24510170200,-76.626,39.301

[saran-ahluwalia]

@lucasmbrown-usds I was reviewing these datasets regarding multifamily housing (MF) foreclosures. Is it possible to break the scoring/analysis into multifamily housing first and then tackle other housing and building types?

On another note, does HOME or other program participation serve as a proxy for vulnerable populations? https://hudgis-hud.opendata.arcgis.com/datasets/HUD::home-activity-by-tract/about. I can look into this as well.