LATimes.com; All Eyes on Home Market in San Diego
Sun Aug 7, 7:55 AM ET
"SAN DIEGO — When the housing market here was red-hot 18 months ago, Alex Flores could buy a downtown condominium with as little as $5,000 down and sell it six months later for a tidy profit of $200,000.
Now, Flores says, those easy-money days are over. "
"Amid concern that prices may be peaking, more homeowners are selling, doubling the number of single-family houses and condos on the market from a year ago. Yet fewer are finding takers. Homes that a year or two ago sold virtually overnight — in many cases triggering bidding wars — are on the market for weeks. "
note: Linked to the YahooNews articles to avoid the latimes.com login
http://tinyurl.com/cvafe
"SAN DIEGO — When the housing market here was red-hot 18 months ago, Alex Flores could buy a downtown condominium with as little as $5,000 down and sell it six months later for a tidy profit of $200,000.
Now, Flores says, those easy-money days are over. "
"Amid concern that prices may be peaking, more homeowners are selling, doubling the number of single-family houses and condos on the market from a year ago. Yet fewer are finding takers. Homes that a year or two ago sold virtually overnight — in many cases triggering bidding wars — are on the market for weeks. "
note: Linked to the YahooNews articles to avoid the latimes.com login
http://tinyurl.com/cvafe
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