What a headline for the housing market. Over at CNN, they said a government report said that new home sales saw its biggest decline in 13 years. I’m not getting too concern with my rental properties just yet. A slowing market is actually a good thing right now. Someone has to slow down the number of homes being built. Areas such as Boise are seeing high MLS inventory along with the left over inventory in Phoenix.  I’m hoping for a slow down in new housing while the market corrects itself. If builders keep building at the fast pace, the drop will just be a bit more steeper and people will think a lot harder about buying any home.

CNN Money’s Post

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