The housing market may be at an inflection point
One of the most emailed articles in the New York Times had this to say
"A real estate slowdown that began in a handful of cities this summer
has spread to almost every hot housing market in the country, including
New York. More sellers are putting their homes on the market,
houses are selling less quickly and prices are no longer increasing as
rapidly as they were in the spring, according to local data and
interviews with brokers." You can read the full article
here.
For many area of the country where prices haven't risen faster than household incomes this won't have that big an impact, but if
you live in one of the "frothy" areas it may be time to reconsider your
mix of assets...