Home prices drop 29%

Southern California's housing woes continued in June as prices plunged more than 29percent from a year earlier and sales remained at a two-decade low, an industry tracker said Wednesday. Gregory J. Wilcox in the Daily News.

A wave of foreclosures that flooded the market with homes for sale pushed down the median price from $502,000 in June 2007 to $355,000 last month across the six-county region, said DataQuick Information Systems.

The median price fell 4 percent from May.