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Thursday, November 15, 2018

Real Estate Markets Cooling Across The Country, And It's Not Just The Winter Effect

Real Estate Markets Cooling Across The Country, And It's Not Just The Winter Effect: In December 2008, almost a decade ago exactly, Case-Shiller posted a record 18% price drop in home values across the country as the subprime mortgage crisis reached fever pitch.

After a slow and painful recession period, economic prosperity pushed the market out of recovery mode and into a full-fledged real estate boom characterized by double-digit price growth, rock-bottom inventory and surging buyer demand over the past few years. It's been the lowest of lows, followed by a glorified golden age for the country's trillion-dollar residential real estate business.

In the wake of these tales of two extremes, it’s hard to remember what a more neutral market even looks like. But a new normal, one that’s neither ice cold nor fiery red, does appear to be taking shape.