Detailed text transcripts for TV channel - FOXNEWS - 20100823:23:53:00
>> $271,000 is where? >> nationwide, more than a half million homes have fallen into foreclosure this year. and the m.i.t. harvard research reveals not only is a foreclosed property's plummeting worth more staggering than many would believe, it's also bad news for the neighborhood. >> each foreclosure within a few feet of a house will tend to lower the price of that house by about 1%. those effected a up. so if you are in a neighborhood affected by foreclosures, they can be quite large discounts on these other houses. >> banks that were quick to give mortgages in the housing boom now find them...