Weakness shows in the Housing Market. But don't expect your local real estate agent to properly

From a broad view, everything is dandy in the US housing market. Recent trends however, should be ringing alarm bells. Pending home sales drop 2.6% in August; top Realtors economist warns housing market 'stalled' "August was another month of declining contract activity because of the one-two punch of limited listings and home prices rising far above incomes," said Lawrence Yun, chief economist for the Realtors in a release. https://www.cnbc.com/2017/09/27/pending-home-sales-drop-2-point-6-percent-in-august-top-realtors-economist-warns-housing-market-stalled.html The truth is that most first time homebuyers simply cannot afford starter homes and are being priced out. The reason is very simple