Movin', But Not Up To The East Side: Foreclosures and Social Disorganization in Orange County, Florida
Abbreviated Journal Title
Foreclosures; social disorganization theory; mortgages; real estate; communities; RESIDENTIAL MORTGAGE FORECLOSURE; COLLECTIVE EFFICACY; URBAN; NEIGHBORHOODS; SPATIAL DYNAMICS; PROPERTY-VALUES; CRIME; DISORDER; DELINQUENCY; MULTILEVEL; CRISIS; Environmental Studies; Urban Studies
The recent foreclosure crisis in the USA has called for a revival in social disorganization research to examine how communities are being affected. While a number of studies have examined the direct relationship between social disorganization and crime in communities plagued by foreclosure, they have failed to look at the link between social disorganization and real estate indicators. This study fills this gap by examining Orange County, Florida in 2010 using realtor-reported transactional information, a type of data that are rich in transactional information but has yet to be utilized. The findings of this study indicate that negative social capital significantly predicts areas with higher concentrations of foreclosures (positive relationship) and traditional sales (inverse relationship). The proportion of Fair Housing Administration/Veterans Administration loans, the average days on market and the proportion of affluent households in the community also significantly predict these transactions. Limitations of the study as well as directions for future research are also discussed.
"Movin', But Not Up To The East Side: Foreclosures and Social Disorganization in Orange County, Florida" (2014). Faculty Bibliography 2010s. 6057.