Is the housing market about to turn down? More people are asking that question after several indictors have turned negative. But MarketWatch advises readers to hold on there and not jump to conclusions.
Rumors of the death of the housing market are exaggerated, economists said.
The chief executive of Redfin RDFN, +1.61% sounded alarmed, speaking of a “significant slowdown,” as the real-estate website issued a profit warning.
“There have been a lot of stories that housing is done. These stories are a little premature,” said Richard Moody, chief economist at Regions Financial Corp.
Moody said analysts seemed to be conflating woes in the existing-home market that have been caused by lean inventories.