Experts say foreclosures could drag down already sluggish housing prices throughout entire neighborhoods.

Homeowners that are being foreclosed upon aren’t spending their Saturday afternoons mowing the yard, so those people who are cutting the grass, trimming the shrubs and fixing the gutters will suffer. In a national study published last year, two housing analysts found that for every foreclosure within one-eighth of a mile of a single-family home, property values decline by about 1 percent, and even more in dense developments.

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