Latest John Y. Campbell Stories

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
  • A unit of saved energy.
Coined by Amory Lovins, chairman of the Rocky Mountain Institute as a contraction of negative watt on the model of similar compounds like megawatt.