Bloomberg Businessweek

A Chill Creeps Into the U.S. Housing Market

Recent data presage what could be the broadest slowdown in years

They were fed up with Seattle’s bidding wars. The couple were only in their late 20s but had already lost battles for two homes and were ready to renew with their landlord. Then, in May, their agent called.

Suddenly, sellers were getting jumpy, Shoshana Godwin, a broker with Redfin Corp., told them. Homes that should have vanished in days were sitting on the market for weeks. There was a three-bedroom fixer-upper just north of the city going for $550,000, down from more than $600,000. They made an offer in early June and closed by the end

Sie lesen eine Vorschau. Registrieren Sie sich, um mehr zu lesen.

Mehr von Bloomberg Businessweek

Bloomberg Businessweek5 min gelesen
How to Save A Network
On a Saturday night in July in Salinas, Calif., officer Cameron Mitchell began pursuing a suspected stolen car. As a couple million TV viewers watched at home, Mitchell chased the vehicle over curbs and through crowded intersections. He attempted wha
Bloomberg Businessweek2 min gelesen
In Brief
• Germany risks recession in the third quarter amid weak corporate earnings and lackluster industrial output, the country’s central bank warned. The government is studying stimulus measures to boost the economy in case of a downturn, people familiar
Bloomberg Businessweek5 min gelesenPolitics
A Cautionary Tale
China’s crackdown on Cathay Pacific over Hong Kong protests sends a chilling message to other businesses