Bloomberg Businessweek

A Chill Creeps Into the U.S. Housing Market

Recent data presage what could be the broadest slowdown in years

They were fed up with Seattle’s bidding wars. The couple were only in their late 20s but had already lost battles for two homes and were ready to renew with their landlord. Then, in May, their agent called.

Suddenly, sellers were getting jumpy, Shoshana Godwin, a broker with Redfin Corp., told them. Homes that should have vanished in days were sitting on the market for weeks. There was a three-bedroom fixer-upper just north of the city going for $550,000, down from more than $600,000. They made an offer in early June and closed by the end

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