Distressed Property Has Little Impact on Prices, Finds Atlanta Fed was originally published on Chicago Agent Magazine, the leading source for news and perspective for real estate professionals in the Chicagoland area.
By Peter Ricci It’s a narrative that many real estate professionals are all too aware of ? a distressed property appears in a certain market, where it sits for months and negatively impacts the selling prices of the surrounding well-maintained, non-distresses homes. A widely-accepted notion, to be sure, but not an entirely accurate one, according to new research from the Federal Reserve Bank of Atlanta, which surveyed distressed properties in the nation’s 15 largest metropolitan areas and found, on average, that properties within 0.10 miles of distressed properties only result in a ...
Distressed Property Has Little Impact on Prices, Finds Atlanta Fed was originally published on Chicago Agent Magazine - For the well-informed real estate professional, the leading source for news and perspective for real estate professionals in the Chicagoland area.
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