No one rings a bell when the market turns.
You don't hear the clang like on Wall Street when it's time to stop trading.
However, I'm hearing some chimes in the distance.
Crash? Probably not. Why? Because everyone needs a place to live.
However, I am seeing more price reductions than before. In fact, I rarely saw one in the last few years as sellers were really riding the wave and pushing list prices to the max.
Combine that with a teaspoon of rising mortgage interest rates, a cup of congressional election coming up in a few months, a dash of rising interest rates for investment products as a safe alternative, and just a pinch of canceled escrows, and you have a cake that someone left out in the rain for quite a while..........