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Latest John Y. Campbell Stories

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2010-08-05 09:40:00

Homes within 250 feet of a foreclosed property see prices reduced by an average 1 percent Foreclosure reduces the eventual sale price of a home by an average 27 percent, compared to the prices paid for similar properties nearby. Those nearby homes, in turn, could see their own prices depressed by 1 percent, if they happen to be within 250 feet of the foreclosed property. Those are the findings of economists at Harvard University and the Massachusetts Institute of Technology who scoured...


Word of the Day
bibliopole
  • A bookseller; now, especially, a dealer in rare and curious books.
This word comes from a Greek phrase meaning 'book seller.'
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