The Santa Clarita Valley - "Home Sellers Turn Creative" (9-16-06)

"In stark contrast to the bidding wars and buying frenzy that drove house prices up last August, home sellers now can wait months for an offer and it is usually below their already reduced asking price. After five years of rabid real estate speculation that pushed the average person out of the housing market, savvy homebuyers are now playing a waiting game while scanning the multiples to find the best house for the lowest price."