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$1 million now gets you lot more house than before in many markets

Published 09/26/2009, Associated Press

During the housing boom, prices rose so high and so fast that even cookie-cutter homes in the paved suburbs of South Florida and California could cost a cool million. In Santa Clara, Calif., a high-tech hot spot, the median price hit $836,780 in 2007. Then the spigot of cheap money was turned off and the housing bubble burst.

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