A 'Soft Landing' In Southern California?

The median home price in the six-county Southern California region rose a modest nine percent during the last 12 months, compared to the muscular 26 percent climb on a year-over-year basis at the market's peak in Spring 2004.

Prospective homebuyers are waiting longer to bid, and sellers don't want to lower their prices. Experts see a housing market in transition; price increases and expectations are more normal, possibly without significant price declines in the future. The overall economy is stronger than in the mid-1990s. Yet predicting future market activity is uncertain: will prices continue to slide or is single-digit appreciation the new norm?

Thanks to D. A. Varnado, AICP

Full Story: More Signs of Housing Cool-Down


Prepare for the AICP Exam

Join the thousands of students who have utilized the Planetizen AICP* Exam Preparation Class to prepare for the American Planning Association's AICP* exam.
Starting at $245
Planetizen Courses image ad

Planetizen Courses

Advance your career with subscription-based online courses tailored to the urban planning professional.
Starting at $16.95 a month
Book cover of Unsprawl

Unsprawl: Remixing Spaces as Places

Explore visionary, controversial and ultimately successful strategies for building people-centered places.
Starting at $12.95
Woman wearing city map tote bag

City Shoulder Totes - New Cities Added!

Durable CityFabric© shoulder tote bags available from 7 different cities.