According to Trulia, there are signs of a cool-off in the hottest housing markets, such as the San Francisco Bay Area, Seattle, Denver, and Salt Lake City.
“After years of tight inventory and large price gains in several major housing markets, home buyers can breathe a sigh of relief – we’re now seeing early signs of a slowdown,” writes Ralph McLaughlin, housing economist at Trulia.
This slowdown means affordability may increase in some of the most expensive markets, especially in California, as homes are starting to stay longer than two months on the market.
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