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Luxury home prices feeling market’s pain

Posted on 26 August 2010

From Bizjournals.com: Luxury home prices in San Francisco, San Diego and Los Angeles fell from year-ago levels, and real estate agents think the current quarter could look even worse, according to the First Republic Prestige Home Index.
The San Francisco bank’s quarterly survey released this week said that the value of Bay Area’s luxury homes fell 1.3 percent in the second quarter from a year ago but rose 1.8 percent from this year’s’s first quarter……………………………………….Full Article: Source


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