A report from the Park Record in Utah. "Home sales and prices in Summit County have paralleled each other in their steady growth in recent years, but now both statistics are starting to slow and level out. Todd Anderson, president of the Board of Realtors, said nationwide it seems home price tags are growing faster than wages, and something has to give. 'At some point, people still have to be able to pay for (their home), so one or the other has to change,' he said."

"Cities across the nation, including Park City, have watched the ballooning costs of homes that have grown out of many people's price range. Anderson said the tapering off of prices and sales in Summit County has become more apparent in the last six months, which could be a trend moving forward."

"'I don't think we are going to see a big downturn, I think we are going to see things flatten out for a while,' Anderson said. He said Canyons Village and Deer Mountain have potential for plenty of new construction, which will likely cause 'large fluctuations' to the market. If inventory is able to grow in the area, Anderson predicts that housing prices will remain steady or even drop slightly."

The Appeal Democrat in California. "Local residential real estate experts say the market is experiencing a slow down across the state – and the Yuba-Sutter area is feeling it, too. It’s due to a variety of reasons, they say, and if it continues it could become an issue."

"Tib Belza, broker and co-owner of Sunwest Real Estate, said a contributing factor is that some housing prices have outpaced the market. "

"'They raise their prices up and the consumer is pretty in-tune and has a lot of information at their disposal, so with more product and variety on the market, buyers are a bit more hesitant,' Belza said. 'It’s not unusual for our market. There are still people looking, there just aren’t as many, and they don’t feel that sense of urgency to lock something down, so they are taking their time to look around.'"

"With home prices and interest rates increasing, it’s making it harder for first-time buyers to find a home, which has a domino effect for the rest of the market."

"'I think part of the problem in California is that prices have risen so much that the entry buyer cannot find homes, so the person selling that home and looking to upgrade is also being impacted,' Belza said. 'The first domino isn’t clicking to knock the others.'"

"'So far, I don’t have any real red flag antennas going up, but it kind of just depends on if it becomes a continuous trend,' Belza said."