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The Housing Market Is Peaking

from Yahoo Finance

It’s official, the housing market has cooled off, but it will take some time for it to become a buyers’ market. “Now we have seen several months of data that tells me the housing market is softening,” said Cheryl Young, a senior economist at Trulia. Existing home sales have peaked, according to Michelle Meyer, an economist at BAML, and a number of experts have adjusted their forecasts downward for key housing indicators, including home sales and single-family housing starts. more

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