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mit study: What a Difference a Foreclosure Makes - 07/21/10 05:45 PM
What a Difference a Foreclosure Makes 
A recent study by MIT and Harvard researchers revealed that a foreclosure reduces the value of a house by an average of 27 percent. 
MIT economist Parag Pathak and Harvard researchers, John Y. Campbell and Stefano Giglio examined 1.8 million home sales in Massachusetts from 1987 to 2009.  They came up with some revealing numbers on how dramatically a foreclosure can affect the value of a home as well as the value of all the properties surrounding it. 
They also contrasted the impact on value of foreclosures as compared to other events like the death of an … (7 comments)

 
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