Cochise County Foreclosures: How they affect home values

Robert Carreira, PH.D, director of the Center for Economic Research at Cochise College in Sierra Vista, Arizona has analyzed the impact of foreclosures on home prices in Cochise county.  According to Carreira, “The evidence suggest that, while foreclosures are sold at lower prices, there is also an associated decline in the prices of non-foreclosed homes.”

His analysis looks at 2009 through first quarter 2011 sales data to asses the impact of foreclosed properties.  Included is an insightful examination based on price per square foot.

Click here to read the entire report.