6 signs that real estate sales are softening in your local market

The 'national' forecasts can be deceiving, so look to your own neck of the woods
  • Predictions for the fictitious “national” real estate market may have little or nothing to do with what happens in your local market.
  • Real estate is all about supply and demand.
  • The rise and fall of buyer interest in a local or hyperlocal market can be detected in several non-scientific ways that can give you a “feel” for what’s happening.

Last year was not a great one for the housing economists who forecast home sales.