National Housing Market Outlook

Housing Slowdown is a Good Thing

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John Burns

October 1, 2013

Gerri Willis and I discussed housing on Fox Business this week. I have known Gerri for a long time, as she was a housing industry reporter early in her career and even wrote a couple books on housing investment.

Here is what Gerri pried out of me:

  • 47% of home builders raised prices last month, down from 64% the prior month.
  • Second home market remains strong.
  • It is still a great time to be a buyer, although “market timers” should be more cautious in the most expensive markets (Northern California and New York in particular).The opportunity to buy homes below replacement cost is mostly gone.

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John Burns
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