All Eyes on Home Market in San Diego - Yahoo! News
Did I hear a "pop" just now?

Once Southern California's hottest real estate market, San Diego is feeling a real estate slowdown. It's a trend also starting to be seen in other regions, such as Las Vegas, Denver, Boston and Washington, D.C. Dramatic rises in home prices, particularly on the West and East coasts, have sparked a nationwide debate about whether the housing market is engulfed in a bubble that is about to burst. San Diego has become a focal point of that discussion. Those who believe the market is about to implode say San Diego's cooling could be among the first signs of a pronounced downturn or even a possible crash in California. But housing industry leaders say the slowing in San Diego reflects the normal damping of a sizzling market that made millionaires out of many homeowners and investors. Because San Diego was the region's hottest market, it's not surprising that it's one of the first to simmer down and return to more normal conditions, they say.