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Could the Inland Empire's contagion debilitate L.A. and areas beyond? So far, property experts are still trying to put a positive spin to it. John Karevoll of DataQuick, a company that compiles real estate information, points out that the Los Angeles County foreclosure figure is still well off that region?s previous peak of 11,494 recorded in the third quarter of 1996, during southern California?s last real estate collapse. And he's encouraged that activity at the very high end of the L.A. market hasn?t fallen off, that home prices in the county overall continue...

Author: /time Magazine | Title: California's Real Estate Tailspin | 7/27/2007 | See Source »

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