Real Estate Market is COOLING OFF

The National Realtors Association data which was recently published indicates that home sales (values) are trending downward. I think this is a good sign for the economy, to eliminate some of the irrational exuberance, but probably not good for those over mortgaged folks with all interest packages. This will certainly lead to home buyers/sellers wanting to get more value from their transaction since it's no longer a pure equity play.