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More Signs of Weakness, continued

As an update to my post earlier about signs of weakness in the Culver City housing market:

5105 Summertime Lane has dropped its asking price another 10K to 369K, bringing it 1K lower than what the current owner paid in 2005. 143 days on the market and counting. I think they will need to drop the price another 15K to get any interest. They should try to get out before October – when record resets of liar and other assorted junk loans reset in record numbers across the region.

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