September 25, 2008
Maybe We Can Afford a House in the Hills Now
A condo near an Orange Line station dropped about $80,000 in Valley Village over the past month, but the epidemic is widespread. Property values of homes in the Valley have dipped 35 percent to leaving the median price of a previously owned house at $420,000 compared to the $650,000 seen in August 2007.



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...and this is a bad thing...why?