Quantcast

Latest John Y. Campbell Stories

edd5e7827083f2cd358a5551d8e37c2c1
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
vermicular
  • Like a worm in form or movement; vermiform; tortuous or sinuous; also, writhing or wriggling.
  • Like the track or trace of a worm; appearing as if worm-eaten; vermiculate.
  • Marked with fine, close-set, wavy or tortuous lines of color; vermiculated.
  • A form of rusticated masonry which is so wrought as to appear thickly indented with worm-tracks.
This word ultimately comes from the Latin 'vermis,' worm.
Related