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Saturday, Jun 3, 2023

Sales up, prices down as foreclosures flood Southern California home market

So many foreclosed homes are for sale in Southern California that these distressed properties will soon dominate the market, forcing prices down even further. About half the homes sold in the region in August had been repossessed, according to figures released Wednesday by the real estate tracking service MDA DataQuick, driving prices down 34% over the previous year to a median of $330,000. For the full story visit www.latimes.com/business/la-fi-homes18-2008sep18,0,2700636.story

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