Real Estate Bubble?

Is the real estate market cooling?
In California’s market, some potential signals

By Jane Wells
Reporter
CNBC
Updated: 4:02 p.m. ET April 19, 2005

With housing starts posting their biggest monthly decline in 14 years last month, many are wondering if slowdown in the nation’s red-hot housing market is now emerging.

One part of the country showing some signs of cooling is California. The Golden State’s sizzling real estate market has seen double-digit appreciation rates in most of its metropolitan areas in recent years, and some economists have even warned that the state’s housing market is a bubble waiting to burst, although such an event remains a matter of debate. …

http://www.msnbc.msn.com/id/7558576/

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