Housing Market Slows

Apr 30, 2014 by

Housing Market Slows

The national housing market continues to slow down. Since October 2013, there has been a significant decrease in home sales (year over year). In March 2014, new home sales fell by 14.5% and pre-owned home sales fell to its lowest levels since July 2012.

When adjusted for seasonal fluctuations, though it is worth keeping in mind that because of California’s mild weather, our home values and sales rates are not as significantly affected by seasonal changes.

A slow in the housing market may mean that you would have more difficulty selling your home and that home values might start declining slightly.

Read the full article on Forbes.com