2007 real estate

Housing experts remain optimistic

RESIDENTIAL CONSTRUCTION--New housing starts and exisiting home sales in the area have dipped, but experts don't see the trend continuing for long, especially with interest rates low.

The housing market softened in 2006, but professionals aren't anticipating a long-lasting slump. The market is only normalizing itself, experts say.
"The circumstances bringing the real estate market into balance are happening unusually quickly," said Glen Scalise, president of the Conejo Valley Real Esta...

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