View Immergluck's full C.V.

Professor Immergluck conducts research on housing and real estate markets, mortgage finance and foreclosures, community reinvestment and fair lending, neighborhood change, and related public policy. He teaches courses in real estate finance, housing policy and research methods. Dr. Immergluck has authored three books, more than 30 articles in scholarly journals and scores of applied research and policy reports. He manages applied research projects at local and national levels. He has testified before Congress and state and local legislative bodies. His work has been cited in a wide variety of government and policy reports. Professor Immergluck has been frequently quoted and cited in the media, including in the New York Times, the Wall Street Journal, the Washington Post, Time Magazine, USA Today and a wide variety of regional and local newspapers. His most recent book, Foreclosed: High-Risk Lending, Deregulation, and the Undermining of America's Mortgage Market, was reissued in paperback in 2011 by Cornell University Press.

Educational Background
1996 - PhD (Public Policy Analysis, Urban Planning and Policy), University of Illinois-Chicago
1987 - Masters of Public Policy, University of Michigan
1984 - B.S. (Electrical Engineering), Northwestern University

Fields

• Housing and Community Development
• Real Estate Finance and Development
• Economic Development

One objective common in much of my work is an aim to inform planning and policymaking regarding the dynamics of housing and real estate markets, particularly as they affect vulnerable communities or urban form more broadly. Another objective is to broaden the debates around a variety of topics that have not generally been considered central to planning and urban policy and yet are critical to the fate of local communities and urban neighborhoods. An example is my recent work on mortgage markets and foreclosures. My work generally involves a mix of place-based and household-based concerns – and the tension or interactions between these two perspectives.

In recent years, a good deal of my work – though not all of it – has focused on mortgage markets, including problems associated with high-risk lending, foreclosure and associated neighborhood and social impacts. I also continue to maintain interests and scholarly activity in issues of fair housing and segregation, diversity and gentrification, and community development and affordable housing practice.

Recent Publications

• Immergluck, D. (2010) Neighborhoods in the wake of the debacle: Intrametropolitan patterns of foreclosed properties. Urban Affairs Review. In press.
• Immergluck, D. (2010). The local wreckage of global capital: The subprime crisis, federal policy, and high-foreclosure neighborhoods in the U.S. International Journal of Urban and Regional Research. In press.
• Immergluck, D. (2010). The accumulation of lender-owned homes during the U.S. mortgage crisis: Examining metropolitan REO inventories. Housing Policy Debate. In press.
• Immergluck, D. (2009). Core of the crisis: Deregulation, the global savings glut, and financial innovation in the subprime debacle. [Invited symposium essay.] City and Community 8, Number 3: 341-345.
• Immergluck, D. (2009). The foreclosure crisis, foreclosed properties, and the federal response: Some implications for housing and community development planning. Journal of the American Planning Association. 75: 406 – 423.
• Immergluck, D. (2009). Private risk, public risk: Public policy, market development, and the mortgage crisis. Fordham Urban Law Journal 36 (April): 447-448.
• Immergluck, D. (2009). Large scale redevelopment initiatives, housing values, and gentrification: The case of the Atlanta Beltline. Urban Studies 46: 1725–1747.
• Immergluck, D. (2008). Out of the goodness of their hearts? Regulatory and regional impacts on bank investment in housing and community development in the United States. Journal of Urban Affairs 30: 1-20.
• Immergluck, D. (2008). From the subprime to the exotic: Expanded mortgage market risk and implications for metropolitan communities and neighborhoods. In press, Journal of the American Planning Association.
• Immergluck, D. (2007). Quantity, quality, or both? Explaining investment test scores in federal Community Reinvestment Act examinations. Housing Policy Debate 18 (1): 69-106.
• Immergluck, D., and Smith, G. (2006). The external costs of foreclosure: The impact of single-family mortgage foreclosures on property values. Housing Policy Debate, Volume 17(1): 57-80.
• Immergluck, D., and Smith, G. (2006). The Impact of single family mortgage foreclosures on crime. Housing Studies 21 (6): 851-866.
• Immergluck, D. (2005). Building power, losing power: The rise and fall of a prominent community economic development coalition. Economic Development Quarterly 19: 211-224.
• Immergluck, D., and Smith, G. (2005). Measuring the effects of subprime lending on neighborhood foreclosures: Evidence from Chicago. Urban Affairs Review 40: 362-389.

Recent Funded Projects

• Promising Policies and Programs for Reducing Foreclosures in Nonjudicial Foreclosure States, Annie E. Casey Foundation, 2010
• Regional Resilience in the Face of Foreclosures, University of California - Berkeley (primary funder: John D. and Catherine T. MacArthur Foundation), 2008
• An Analysis of Property Flipping and Foreclosures in Neighborhood Planning Unit V, Annie E. Casey Foundation, Atlanta Civic Site, 2008
• Impacts of Hurricane Katrina on Single-Family Housing Finance and the Spatial Segregation of Homebuyers, University of Kentucky Center for Poverty Research, Regional Small Grants Program, 2007-2008
• Will Streamlining the Mortgage Foreclosure Process Reduce Vacancy and Abandonment? Lincoln Institute of Land Policy, Planning and Development Research Fellowship Program, 2006-2007

Distinctions

• Visiting Scholar, Federal Reserve Bank of Atlanta, 2008-2009
• Lincoln Institute of Land Policy, Planning and Research Fellow, 2006

Recent Courses

• CRP 60255 Advanced Planning Methods. This is the second methods class in the Masters core. It covers statistical methods and research design issues. Includes descriptive statistics, inference, bivariate statistics, and multiple regression.
• CRP 6630 Government and Housing Markets. This is a course on housing policy and planning. It covers the history of U.S. housing policy, housing policy analysis and design issues. Generally taught as a seminar.
• CRP 66116 Real Estate Finance and Development. This course covers the fundamentals of real estate finance analysis and structuring as well as a substantial emphasis on public sector and nonprofit community development and affordable housing finance.

Recent Theses and Masters Research Papers Supervised

• Jason Combs, Land Value Taxation, 2009
• Joseph Winters, Mixed-Use Development Plan, 2009
• Beth Hawes, Foreclosed, Vacant Buildings in Atlanta, 2009
• Adam Cohen, A National Housing Stockpile, 2008
• Stephen Causby, Barriers to Retail Development in Underserved Areas of Atlanta, 2008
• Susan Cohn, Deconstruction in Jacksonville, Fl, 2007
• Jason Chernock, Atlanta’s CDCs and Their Response to Gentrification, 2007
• Ryan Sheriff, Hope VI Neighborhood Impacts, 2007