To boom or bust? That is the question
LATimes.com
From Times wire and staff reports
The quarterly UCLA Anderson Forecast — which has been bearish on housing for a couple of years — warned that the market is at risk, largely because of the breakneck pace of price gains. The report, released last week, suggests the housing building boom that has helped drive the U.S. economy is poised for a slowdown later this year, which could lead to a recession in 2006.
The UCLA report stops short of estimating when California's resale housing market might begin to see a sharp slowdown.