Median home prices drop below 1989 levels in some parts of Southland | WHAT REALLY HAPPENED

Median home prices drop below 1989 levels in some parts of Southland

In parts of Southern California, the housing crash has upended a basic tenet of the American dream: that home values always increase over the long term.

Properties in several areas are selling for less than they did 20 years ago, and that's not even counting the effects of inflation.

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