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Price of Southern California homes falls 41% from peak

Nov. 19, 2008
The median sales price in the region drops to $300,000 in October, dragged down by the large number of foreclosed homes on the market. With the median price of Southern California homes down more than 40% from its peak, the housing market has now slid further than most economists expected.
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Lori Anne Madison, 6, competes in Scripps National Spelling Bee
View Caption
Lori Anne Madison, 6, of Woodbridge, Virginia, spells out the letters in her word as she competes during the opening round of the Scripps National Spelling Bee, May 30, 2012, in National Harbor, Maryland. Madison, the youngest known qualifier in the history of the contest, correctly spelled the word "dirigible*", a lighter-than-air aircraft, to advance. UPI/Mike Theiler