Derek Thompson at the Atlantic writes that the U.S. housing market has peaked but no, we’re not headed for anything even close to 2008…(The Atlantic)
May and June are historically the most popular months to buy a home. That means that the housing slowdown might be delayed for a few weeks, as the spring surge works its way through the system. But by this summer, sellers expecting dozens of offers in a matter of days could be in for a rude awakening. Before long, flush wannabe homeowners—those lucky enough to be somewhat insulated from rising mortgage rates—will be able to buy without sacrificing the naming rights of their firstborn. Things won’t feel great for everyone. But historically speaking, they just might feel normal.