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Housing Market Cools Further in January

In fact, 39 of the 50 largest markets saw an increase in year-over-year price reductions, including Las Vegas where the number of sellers slashing prices increased 16% from 2018.

And, in some major cities, it took longer for homes to sell. “Nationally, homes sold in 87 days in January, two days faster than last year,” says the report, “but the rate of this decline is decelerating. In January 2018, homes sold a full weeks faster compared to the previous year.”

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Consider investing in a professionally managed portfolio of single-family homes? Please contact Harold Willig at harold.willig@springviewinvestments.com or 917-209-4452.

Harold Willig is the Manager of SpringView Investment Management, LLC, which he founded in 2012. Mr. Willig also served as HFZ Capital Group’s Chief Financial Officer and was responsible for the oversight of HFZ's Finance and Accounting team. He has over 16 years of finance and accounting experience.

It’s sure cold out there. But don’t blame the Polar Vortex.

According to new data from Realtor.com, the U.S. housing market is off to a cold start as 15% of U.S. listings experienced a price cut in January.

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