10 Cities for Real Estate Steals

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Salinas, Calif.

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TRISH TRIUMPHO SULLIVAN/DESTINATION SALINAS

Home values in Salinas jumped more than 70 percent from 2002 to 2006, only to plummet 65 percent from their peaks. Through the third quarter of 2009, the price-to-income ratio in Salinas declined to 2.3, significantly below its average of 3.54 for the 15 years ending in 2003.

Next: Medford, Ore.


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