Is the Housing Market Slowing Down?
I live in Colorado, which has been one of the hottest housing markets in the country. We have seen prices in my area (Greeley) increase from $114,000 median value in 2011 to over $300,000 median value today. Price have been insane and I think we may have finally seen a slow down in the market. Denver prices are over $500,000 now. Inventory is up, prices seem to be stabilizing and buyers are calming down. I have been wrong before, but I think things are changing. I do not see a crash coming anytime soon, but I think our crazy price increases are coming to an end.
I wrote much more about this all here: https://investfourmore.com/2018/10/01/has-the-housing-market-slowed-down-in-colorado/
Is this just Colorado or nationwide?
I think nationwide