My Investing Notebook :: Learning from the pros; making decisions on my own. ::

Housing is slowing down. No question about that: inventories are rising and sellers are having harder time selling. It’s becoming a buyer’s market. The following two quotes from WSJ by Justin Lahart give you a very good summary of the current housing market.

The question is no longer whether housing is slowing, but how severe the slowdown is going to be.

Still, a steep price decline is unlikely. Home builders, like sellers in general, will be slow to lower prices, opting instead to hold on to inventory in hopes of an eventual buyer.

Reference* Investors Retreat From Housing Market — FREE from WSJ.com* Cracks in the Foundation by Justin Lahart, WSJ.com (need a paid subscription)