The median U.S. home value climbed 8 percent over the past year to $218,000, but in a sign that buyers are beginning to balk at sustained, rapid escalations in prices, home value growth is slowing in 20 of the 35 largest housing markets. Four of the hottest markets – Seattle, Tampa, Sacramento, Calif., and Portland, Ore. – reported the greatest slowdowns from their growth rates at this time last year.
As interest rates continue to rise, watch for the turn around and then possible bursting of the real estate bubble. This may in turn trigger other dominos. There are MANY bubbles getting ready to burst.