It's been a difficult year for new home buyers in 2017, 2018 in some of the hotter markets around the U.S. I am in the real estate business so I can't lie if you got property and you were selling, it felt like heaven offers galore, low inventory, and buyers from investors to millennials wanting to own a piece of the American Pie. Remember the saying you can't time the market also always remember that inflation is a constant no matter where you look therefore make sure you buy what you like....(I'll shut up on my real estate rant) 

Here go some statistical facts the buyers are starting to swing the pendulum, do you know how you can impact a business. It's not with hateful speech, or complaints to our legislature.. you know where businesses hurt the most when you stop buying. So the market is trending with slower sales what that means is that the market has spoken in a way that most sellers such as myself don't want to hear, the combination of higher interest rate fears, the fact the home prices are outpacing wage growth and inflation strikes are a chord of a natural correction. Let me key in on that again 2009 market crash were based on no fundamentals, bankers playing Russian roulette with real estate. This time around it's more natural to put in perspective steroids vs vegan gains. One takes longer but you get similar results except for the ladder according to medical experts will not cause you a heartache.  

Home sale statistics: 







What are the hot willing to drop markets in the real estate industry (I'll let USA today call it): 

1. Austin, TX 
2. Colorado Springs, Colorado 
3. Denver Colorado 
4. Des Moines, Iowa 
5. Fayetteville Arkansas 
6. Portland, Oregon 
7. Huntsville, Alabama 
8. Washington, DC 
9. Minneapolis, Minnesota 
10. Seattle, Washington 

Lot's of things are pointing to the buyer direction, for example, check out this statistic for pending construction builds ... 

The white portion is the forecast through 2018 




Next the mortgage Rate forecast 




Coupled with low unemployment,  I think we are starting to see the first correction, happy hunting and in some places patience does pay off.