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Buyers to reap benefits of slowdown in residential housing sales; market returning to normal with buyers in control.

Publication: San Diego Business Journal
Publication Date: 25-SEP-06 		Format: Online
Delivery: Immediate Online Access
Full Article Title: Buyers to reap benefits of slowdown in residential housing sales; market returning to normal with buyers in control.(Real Estate)

Article Excerpt
With the real estate market slowing due to decreased demand and increased supply of listings, the once-robust sellers' market is transitioning to a buyers' market, say experts.

It was just a few months ago that record home sales had frenzied buyers bidding over the asking price all over San Diego.

Now buyers are negotiating the price and weeding through the large number of incentives from sellers that vie to close the sale.

Scott Robinson, owner and president of Rancho Santa Fe-based Gateway Asset Management, a property management firm, said San Diego County continues to be an incredibly hot market, but says the boom market is showing signs of cracking.

It has been softening...

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