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Old 01-18-2008, 03:59 PM
flippinout flippinout is offline
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Default California home prices drop almost 15 percent
LOS ANGELES - The median price of a home in California tumbled nearly 15 percent amid a steep drop in sales in December, a real estate research firm said Thursday.
The median home price hit $402,000 last month, down 14.8 percent from $472,000 in the year-ago period, according to DataQuick Information Systems.
The state’s median home price peaked last spring at $484,000.

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