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Fracking could drain home values
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Wednesday, April 30, 2014
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There is a healthy debate raging across the country regarding the merits, and potential pitfalls, of natural gas drilling, or “fracking,” as it is commonly known.
Proponents of the practice laud natural gas drilling as a way to expand the country’s energy resources within the United States. However, detractors point to studies that show fracking can lead to water and air pollution, and even potentially cause earthquakes.
One thing is not up for debate according to law firm Ballard Spahr: As talk of environmental consequences due to fracking persists, home values across the country will suffer in areas featuring natural gas drilling wells — something settlement services professionals need to be aware of.
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