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Monday, May 27, 2024

Price of Southern California homes falls 41% from peak

With the median price of Southern California homes down more than 40% from its peak, the housing market has now slid further than most economists expected. The median sales price for homes in the region fell to $300,000 in October, a level not seen since 2003 and a 41% drop from the peak price set in the spring and summer of 2007, according to San Diego-based MDA DataQuick. For the full story visit www.latimes.com/business/la-fi-homes19-2008nov19,0,5649769.story

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