All Posts Tagged With: "foreclosed properties"

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House Prices in California and Las Vegas Hit Hard by Wave of Foreclosed Properties

A fellow loses his job; he can’t pay his mortgage. The house goes onto the market and pushes down prices. Prices in California are off 30% year-to-year, with the median house at $267,000. In Las Vegas, the median house is only $135,000…

June 29th, 2009 | Bill Bonner | 3 comments | Continued
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