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Dorchester, City’s Poster Boy For Foreclosures, Now Roaring Back

Median Prices Up In Neighborhood As Buyers Abound

If any one Bay State neighborhood felt the brunt of the foreclosure crisis over the past five years, it was Dorchester. Improving crime rates and rising property values began to draw developers’ eyes to the neighborhood just as the housing bubble was rising, and many rushed to get in on the action, snapping up the neighborhood’s plethora of double- and triple-decker houses to convert into condos and flip.

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