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 US housing market starting to cool?
» Posted by Martin Weil on November 02, 2005
In what could signal a mood shift in the feverish real estate market, tales of bidding wars and 30% annual price gains are quietly fading. USA Today this week collects a series of admittedly anecdotal signs of slowing demand for residential housing. "It's not just the megahot markets such as New York City, San Diego and Phoenix showing stress. Softness is also being reported in condo-happy Las Vegas, the stalled auto capital of Detroit and Midwest college towns such as Madison, Wis," the authors write.
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