Given anonymity agents report slow market conditions

Inman News recently opened the floor to real estate agents to report their current market conditions. As incentive for honesty the agents were given complete anonymity if so desired. The responses were nearly uniform from Portland, Oregon to Central Florida, inventory is up and sales are down. While the responses seemed bleak there is no real data that seems to back the slowing market condition. Home sales prices have not suffered as the median home price is up according to the National Association of Realtors and the uptick in inventory is not enough to be troubling. Although David Lereah, the NAR chief economist, is on the record as predicting price appreciation will drop to the mid-single digits. So Walter Molony, a NAR spokesman, has characterized the conditions as "neither a seller’s nor a buyer’s market…balanced is a better word."  

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