September 1, 2005
The nation as a whole is not in a housing price bubble, but the market is slowing according to Delores Conway, director of the Casden Real Estate Economics Forecast at the University of Southern California Lusk Center for Real Estate.
Current data show that the rates of price appreciation are easing and there are several factors that are helping to prevent a price collapse, she said
When it comes to the Southern California market, Conway is seeing the emergence of infill, mixed-use and higher-density projects, and annual rent increases are exceeding the national average.