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by CareyBot

Editor's note: The housing bubble debate has grown louder in recent weeks. Rather than add to the mix of confusing stories that attempt to decide who's right and who's wrong, this four-part series takes a closer at look at the numbers, what's happening in specific markets and how the media is relaying the message. (See Part 1: Making sense of a changing housing market, Part 2: No agreement on real estate market and Part 4: Media caught in real estate bubble fray.) The buoyant and boisterous boom in housing may be receding in some parts of the country, but there hasn't been a housing kaboom, according to real estate agents and analysts. Some markets in Southern California are seeing growing inventories, a slowing in price increases or a longer time on market for homes. And similar tr...