Waiting to buy a home? The market just sent its biggest signal yet

Price cuts are rising, home prices have declined for nine straight months and buyers are still making deals as the market cools.

[Photo: Breno Assis/Unsplash]

The summer housing market looks pretty normal right now, and that’s a good thing.

The latest report from Realtor.com shows that the July housing market behaved mostly as expected, with signs of a seasonal home sales slowdown as buyers and sellers navigate the summer months. It’s too early to tell if this summer will dodge a repeat of some of the more troubling trends from a year ago that could mean another frustrating phase around the corner for people looking to buy a home. 

“July’s data show a market that is cooling seasonally, not coming apart,” Realtor.com Chief Economist Danielle Hale said.........

© Fast Company