[quote=The-Shoveler]Yea OK but slowing market right at the usually hottest period I think is a sign,
I guess we need to see what the effect the recent rise in rates will have and where rates go from here.
Bond market is not happy.

Would not be surprised to see the Fed hit the panic button.[/quote]

I’m not sure what you mean by the bolded part. So far anyway, there has been no indication the economy as a whole is changing significantly. Either heating up or slowing down. What we’ve seen in the RE market nationwide is a slow and steady increase in inventories since they bottomed right around the first of the year. We’ve seen the same thing in some (but not all) regions in SD. But there are still historically low levels of inventory, both in SD and nationwide.

Beyond that, what the Fed announced last week is that they’re doing absolutely nothing different today than last month, and don’t anticipate doing anything different in the immediate future. The “panic button” would imply a change in policy. I don’t see that happening.