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Friday, Mar 29, 2024

Southland home prices tumble fast

Southern California home prices are now 19% below their peak last year, and the surprisingly rapid decline is leading experts to predict that the housing slump will be worse than initially thought — surpassing the severe downturn of the 1990s. Home values also plunged 19% during the last real estate bust, but that was over a six-year period ending in 1997. Prices have now fallen just as much in less than a year. For the full story visit http://www.latimes.com/business/la-fi-homes14mar14,1,1380779.story

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