A shortage of lower priced inventory is the catalyst for stalling gains, says HousingWire's Trey Garrison.
Furthermore, national trends were echoed at the regional level, with the West experiencing the strongest moderation compared to any other region. “For the first time since the start of the recovery three years ago, the West’s yearly rates of growth fell below 10 percent,” Garrison writes. “[This is] a sure sign of more moderation to come over the next several months for the nation.”
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