By Jann Swanson | Mortgage News Daily
Redfin, a multi-state real estate firm based in Seattle, says it is seeing “signs of an enduring slowdown” in the housing market. This isn’t necessarily bad the company says, citing anecdotal information about bidding wars and mammoth profits rung up by short-term owners. Slowing could mean a normalization of the housing market.
Or it could be another indication that the economy is slowing as well.