April 2, 2006
The Southern California gold rush isn't over for home sellers. As the spring buying season kicks in, there is still money to be made, and plenty of it. But, some experts say, good luck on getting another year's worth of double-digit appreciation, a bidding war or an instant sale.
"That kind of white-hot housing market has definitely slowed," said Delores Conway, director of the Casden Real Estate Economic Forecast at the USC Lusk Center for Real Estate. "We're getting back to more normal-type levels of buying and selling."
And the risk factor today?
"Things are slowing," USC's Conway explained, "but it's important to note they are not collapsing."