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'Virtual freefall' in Dorchester, Mattapan multifamily prices
By adamg on Sat, 03/08/2008 - 9:53pm
Outside of the Red Line corridor, the prices of Dorchester housing units - especially multi-family properties - are crashing, the Dorchester Reporter reports. The mortgage crisis may not be the only reason:
... A less examined reason for the sinking market could be a decrease in fraud brought about by increased media and governmental focus on the sub-prime lending crisis. Several properties previously detailed in the Reporter appear to have been sold under curious circumstances. ...
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