Unpredictable Housing Market Teases Buyers and Sellers Alike

Condo sales are booming -- condos are sitting vacant.  It all depends. Vacation home-buyers are snapping up condos and other properties for second homes, while some condo conversions are having trouble attracting buyers. And, as a whole, the drop in real estate prices (5 percent from late 2005) is having an affect on property tax assessments as homeowners petition for reductions in assessed valuation under Proposition 8, passed in 1979.

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• Roger Showley , San Diego Union Tribune.