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IPFS News Link • Economy - Economics USA

Deflation Alert: Foreclosure Resales Account for 55.7% of So. Cal. Housing Sales

The median price paid for a Southland home was $278,000 last month. That was down 2.5 percent from $285,000 for November, and down 34.6 percent from $425,000 for December a year ago. The median reached $505,000 in mid 2007.