March 8, 2006
By: Dave Downey- Staff Writer
"We are just experiencing a soft correction," said Nicole McAllister, executive director of development for the University of Southern California's Lusk Center for Real Estate, noting she does not consider the buildup to be alarming.
"I don't think (the market) is headed for any catastrophic burst," McAllister said. "We're going to gradually see sellers adjust and soften their prices a bit. I don't think it's going to turn around and tomorrow everybody is going to get all these great deals."
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