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Lancaster, California: Housing Prices 'Get Back' to 1989

06-10-2009 • CalculatedRiskblog.com

But he never imagined his neighborhood would drop off the charts. In April, a slightly larger home two doors away sold for $66,500. That's just over half the $130,000 it went for new in 1992. In 2005, that house sold for $330,000.

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