There have been a lot of stories in recent weeks about the housing market slowing down, not just in Seattle, but across the country. I thought I would post a quick roundup of some of the stories I’m seeing:
- GeekWire: Redfin CEO warns of slowing national real estate market, as frustrated buyers are sitting out
- MarketWatch: Housing market has hit a ‘significant slowdown’ in recent weeks, Redfin CEO says
- Seattle Times: Washington state no longer has the nation’s fastest-climbing home prices
- Financial Post: Cracks are appearing in the world’s most desirable property markets
- Bloomberg Businessweek: The U.S. Housing Market Looks Headed for Its Worst Slowdown in Years
Back in early June I said that based on the May inventory numbers, “we could finally be seeing the beginning of a trend that points toward an easing market.” In the months since then, it seems that a lot more people are coming around to that point of view as well. Personally I think it’s still too early for hyperbolic headlines like BoingBoing’s proclamation that “the housing market in America’s most expensive cities is imploding,” but more and more signs seem to be pointing to a serious cooling, which is definitely a good thing, in my opinion.