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Bay Area homes lose $38B in value in 2009

kgo
By ABC7

It may sound like a lot of money, but it is only a fraction of the $233 billion lost in 2008.

Homes in Contra Costa County have been the hardest hit, losing $12 billion in value, followed by Alameda and Santa Clara Counties.

Homes in Marin County have actually increased in value slightly so far in 2009.

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