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Afternoon Mortgage Meltdown: Watch Them Fall

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Like so many dominoes, Bay Area housing prices are on the down and down. Cheap foreclosures have pushed the median home price down to an eight-year low, at $350,000 -- a near-45 percent drop from this time last year. About half of all sales made in November were on foreclosed properties. And no, no signs of the bottom yet. [SF Gate]