California has one of the highest foreclosure rates in the nation but overall filings in November reached a low not seen in six years, according to data published by Realty Trac.
Southern California’s median home price dipped nearly two percent last month to $280,500 from March 2010.
Real estate agents in California are accusing banks of dragging their feet on so-called short sale transactions, where lenders allow homes to be sold for less than what is owed on them.
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