Home sales in the Dallas area, like in many areas of the country, are slowing. The Dallas News looks at how much and how fast the market is falling.
During the last few years, the home market has been on a tear in North Texas and in other parts of the country, with prices soaring and buyers lining up as soon as a sign hits the front yard.
But there are growing signs that the fast-paced housing market is shifting gears, with a decline in sales in many markets and smaller price increases.
In July, U.S. preowned home sales fell from a year ago for the fifth month in a row. And nationwide new home sales were down almost 2 percent in July, causing analysts at IHS Markit to question if the bull home market has turned bearish.