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Article: California Luxury Homes Holding Their Value.
- Article from:
- PR Newswire
- Article date:
- February 25, 2008
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Copyright informationCOPYRIGHT 2008 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Los Angeles And San Francisco Decline Slightly In Fourth Quarter, But Rise Year-Over-Year
SAN FRANCISCO, Feb. 25 /PRNewswire/ -- Luxury home prices declined modestly in Los Angeles and San Francisco in the fourth quarter but rose year-over-year, while San Diego values posted small decreases in the fourth quarter compared to a year ago, according to the First Republic Prestige Home Index(TM) by First Republic Bank, a leading provider of private banking, private business banking and wealth management services.
In the quarter ended Dec. 31, 2007, the Index indicated the following:
-- Los Angeles area values declined 1.2% from the third quarter of 2007
and ...
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