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Been waiting on the sidelines with cash in hand like a patient sniper for the market to slow down. I can vouge that indeed it has slowed down some in Socal, which is usually a bit behind the rest of the economy. We're seeing many more 'short sales', 'highly motivated seller', and 'price greatly reduced' when we go look at open houses and get listings.
Maybe it's not a slowdown per se, it's just a price adjustment and leveling since home prices sored to unrealistic exorbidant prices over the last 2-3 years.
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