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, social justice and equity planning, and research methods. Dr. Immergluck has authored three books, more than 40 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.
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
- 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, small and minority business development, and community development and affordable housing practice.
- Immergluck, D. (2009, 2011). Foreclosed: High-risk Lending, Deregulation, and the Undermining of America's Mortgage Market: Cornell University Press.
- Immergluck, D. (2004). Credit to the Community: Community Reinvestment and Fair Lending Policy in the U.S. M.E. Sharpe.
Immergluck, D. (1998). Neighborhood jobs, race, and skills: Urban unemployment and commuting, New York: Garland.
Some Recent Publications
- Immergluck, D. and Jonathan Law. (2013) Speculating in crisis: the intrametropolitan georgraphy of investing foreclosed homes in Atlanta. Urban Georgraphy.
- Immergluck, D. (2013). Too little, too late, and too timid: The federal response to the foreclosure crisis at the five-year mark. Housing Policy Debate 23:1, 199-232.
- F. Alexander, D. Immergluck, K. Balthrop, P. Schaeffing, and J. Clark. (2012). Legislative responses to the foreclosure crisis in nonjudicial foreclosure states. Review of Banking and Financial Law.
- D. Immergluck. (2012) Distressed and dumped: The market dynamics of low-value, foreclosed properties during the advent of the federal Neighborhood Stabilization Program. Journal of Planning Education and Research 32: 48-61.
- Y.S. Lee and D. Immergluck. (2012) Explaining the pace of foreclosed home sales during the U.S. foreclosure crisis: evidence from Atlanta. Housing Studies, 27(8), 1100-1123.
- D. Immergluck. (2011) Related risks: Foreclosure, health problems and economic insecurity in the USA. Housing, Theory and Society 29: 25-30.
- D. Immergluck. (2011) From risk-limited to risk-loving mortgage markets: Origins of the U.S. subprime crisis and prospects for reform. Journal of Housing and the Built Environment 26: 245-262.
- D. Immergluck. (2011) Critical commentary: Sub-prime crisis, policy response and housing market restructuring. Urban Studies 48: 3371-3383.
- Immergluck, D. The Accumulation of Lender-Owned Homes During the U.S. Mortgage Crisis: Examining Metropolitan REO Inventories. Housing Policy Debate, forthcoming 2010. 20(4), 2010.
- 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. Published online, early view. doi:10.1111/j.1468-2427.2010.00991.x.
- Immergluck, D. (2010). Neighborhoods in the Wake of the Debacle: Intrametropolitan Patterns of Foreclosed Properties. Urban Affairs Review, 46: 3. doi:10.1177/1078087410375404
- Immergluck, D. (2009). The Foreclosure Crisis, Foreclosed Properties, and Federal Policy: Some Implications for Housing and Community Development Planning. Journal of the American Planning Association, 75(4), 406-423. doi:10.1080/01944360903124316
- Immergluck, D. (2009). Private Risk, Public Risk: Public Policy, Market Development, and the Mortgage Crisis. Fordham Urban Law Journal 36(3), 447-488.
- Immergluck, D. (2009). Large Redevelopment Initiatives, Housing Values and Gentrification: The Case of the Atlanta Beltline. Urban Studies, 46(8), 1725–1747. doi:10.1177/0042098009105500
- 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), 1-20. doi:10.1111/j.1467-9906.2007.00371.x
- Immergluck, D. (2008). From the Subprime to the Exotic: Expanded mortgage market risk and implications for metropolitan communities and neighborhoods. Journal of the American Planning Association, 74(1), 59-76. doi:10.1080/01944360701702313
- Immergluck, D. (2007). Quantity, Quality, or Both? Explaining investment test scores in federal Community Reinvestment Act examinations. Housing Policy Debate, 18(1), 69-106. doi:10.1080/10511482.2007.9521595
- Immergluck, D. (2007). Research design issues for measuring community development financial institution performance and impact. In Fabiani, D. & Buss, T. (Eds.), Reengineering community development for the 21st century. Armonk: M.E. Sharpe.
- Immergluck, D. High-risk lending and public policy, 1995–2008. In R. Tighe and E. Mueller (Eds.), The Affordable Housing Reader. New York: Routledge, in press.
- Immergluck, D. Community response to foreclosure. In J. Defillipis and S. Saegert (Eds.), The Community Development Reader, Second Edition. New York: Routledge. 2012.
- Immergluck, D. High-risk lending and public policy, 1995–2008. In R. Tighe and E. Mueller (Eds.), The Affordable Housing Reader. New York: Routledge, 2012.
Recent Funded Projects
Vacant Property Registration Ordinances: Characterizing, Developing a Database, and Describing Key Trends. Federal Reserve Bank of Atlanta. 2011-2012
- 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
- Georgia Tech Course Instructor Opinion Survey Teaching Award, 2012 (first time awarded, one of 48 awarded university-wide)
- Georgia Tech College of Architecture, Outstanding Faculty Member Award, 2011-2012
- Lambda Alpha International, land economics honor society, nominated and elected, 2011
- Senior Fellow, Center for Community Progress, 2011
- Georgia Tech City and Regional Planning Students’ Quality Teaching Award, 2010-2011 (second time awarded)
- Georgia Tech City and Regional Planning Students’ Quality Teaching Award, 2009-2010 (first time awarded)
- Planning and Research Fellow, Lincoln Institute of Land Policy, 2006 - 2007
- Visiting Scholar, Federal Reserve Bank of Atlanta, 2008-2009
- Lincoln Institute of Land Policy, Planning and Research Fellow, 2006
- CP 6025 | Advanced Planning Methods.
- CP 6442 | Equity, Justice, & Economic Development
- CP 6611 | Real Estate Finance and Development
- CP 6630 | Government and Housing Markets
- Yun Sang Lee, Graduated 2013
- Elora Raymond
- Kyungsoon Wang
- Jonathan Law
Examples of Recent Theses and Masters Research Papers Supervised
- Patrick Terranova, Baltimore Olympic Bid, 2013
- Ted Ranney, Small Business Incubators in Atlanta, 2013
- Laura Schultz, Population Deconcentration Trends, 2012
- Philip Schaeffing, GIS Analysis of Potential T-SPLOST sites, 2012
- 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
- Jason Chernock, Atlanta’s CDCs and Their Response to Gentrification, 2007
- Ryan Sheriff, Hope VI Neighborhood Impacts, 2007